y2z Ventures

General Partners Alvin Foo and Zhen Cao jointly lead investment decisions. Foo brings experience from Google China and prior early-stage venture roles, while Cao contributes operating and venture-partner experience. The partnership structure is flat, with both GPs actively involved in sourcing, diligence, and portfolio support across the firm's Asia and North America pipelines.

y2z operates a distributed scouting model with offices in Singapore, Menlo Park, Vancouver, Shanghai, Beijing, Seoul, and Mountain View, each functioning as a local developer-relations node. The firm also runs an operator fellowship that embeds talent inside pre-launch protocols, generating early visibility into teams and technology before formal fundraising processes begin. This combination of multi-city presence and operator embedding produces a sourcing pattern distinct from centralized seed funds.

y2z Ventures operates as a thesis-driven venture capital manager, deploying capital through a traditional fund structure rather than a rolling syndicate or special-purpose vehicle model. The firm participates almost exclusively in direct equity and token-warrant deals at the pre-seed and seed stages, rarely acting as a limited partner in external funds.

The firm targets pre-seed and seed-stage investments, typically writing first checks into teams before they have achieved product-market fit. y2z focuses on protocols, developer-tooling platforms, and consumer-layer applications that embed token-based incentive models across multiple blockchain ecosystems, including Ethereum, Solana, and modular-data-availability layers.

y2z was deliberately structured with dual headquarters in Singapore and Menlo Park, creating a cross-Pacific pipeline for portfolio companies. Asian developer teams gain access to North American go-to-market channels and institutional relationships, while North American projects benefit from the deeper engineering talent pools and lower-cost development environments across Asia. The firm's additional offices in Shanghai, Beijing, Hong Kong, Seoul, and Vancouver reinforce this bilateral architecture.