Crypto fund geographic focus is read off the companies a fund backed, 1 country field at a time. NAUT tracks 112 live companies as backed by Shima Capital, and on 11 November 2026 16 of those 112 rows carried a country value, spread over 6 countries led by the United States and the United Kingdom at 4 companies each.
How this was built: on 11 November 2026 NAUT read every backer record it holds for Shima Capital and resolved it to the company pages that are live and publishable today. That is 112 companies. For each one NAUT read the stored country on the company row, the same field behind NAUT's country company lists. 16 rows carry a value, 96 do not. An empty country field is a gap in NAUT's record for that row and says nothing about where the team sits. Every count below is NAUT's own record on that date, and the 4 steps work the same way on any fund page.
How to check a crypto fund geographic focus in 4 steps
The method is 4 reads, and the last one is the one most people skip.
- Start from the fund's portfolio on NAUT, so the set is the companies it actually backed.
- Read the country on each company row, and count the blanks before you count the countries.
- Group what is left, then rank the countries by how many companies sit in each.
- Check the countries you plan to act on against the company's own page, because a stored country can be stale.
- Open the fund pageShima Capital resolves to 112 live backed company pages on NAUT.
- Read the country field16 of the 112 rows carry a country, 96 are blank, so the count runs on 16.
- Group and rank6 countries, led by the United States and the United Kingdom at 4 companies each.
- Verify before you travel5 of the 16 were put to an outside page, 3 came back confirmed and 2 came back different.
Step 1: take the portfolio from the fund page, not from a press list
A fund's own headquarters tells you where its partners sit, and it does not tell you where its companies are. Open the fund's NAUT page, take the portfolio, and treat that list as the population. For Shima Capital that is 112 live company rows on 11 November 2026, each one a page you can open, with its team and its rounds on it.
Step 2: read the country field, and count the blanks first
NAUT's crypto fund country data lives on the company row, 1 value per company. On this portfolio 16 of the 112 rows carry one and 96 do not, so 14% of the set answers the question and the rest is silence. Write the blank count down before anything else: a ranking built on 16 rows out of 112 is a ranking of what NAUT has recorded, and a reader who skips that line will read it as the fund's whole map.
Step 3: group the 16, then rank the countries
6 countries hold the 16 companies. The United States and the United Kingdom are level at 4 each, Singapore has 3, Germany and Thailand have 2 each, and Switzerland has 1. That is 2 clusters worth a trip and 4 single-city stops.
Step 4: verify the country you are about to act on
A stored country is a lead to check, not an address to book against. 5 of the 16 companies had their stored country put to an outside page on 11 November 2026: 3 came back confirmed (Gunzilla Games, Monsterra and Bullieverse) and 2 came back different (Nyan Heroes and Sidus), so those 2 rows are flagged here and NAUT's stored value is printed next to the flag rather than treated as settled. The other 11 of the 16 were never read outside NAUT. At 2 disagreements in 5 reads, run the check on every row you plan to fly to, hire in, or pick a law firm for.
Which countries does a crypto VC invest in?
For this fund, on NAUT's record, 6 of them. The table ranks the countries by how many of the 16 country-tagged companies sit in each.
| Country | Rows | The companies |
|---|---|---|
| United States | 4 |  Every Finance (prev. Formation Fi),  Sleepagotchi,  Hedge Labs,  Nyan Heroes |
| United Kingdom | 4 |  Artem,  Astra Protocol,  Bloktopia,  Bullieverse |
| Singapore | 3 |  Monsterra,  Deliq,  Elixir Games |
| Germany | 2 |  Gunzilla Games,  bitsCrunch |
| Thailand | 2 |  Senate,  Sidus |
| Switzerland | 1 |  Dopamine |
Grouped wider, 7 of the 16 sit in Europe (4 in the United Kingdom, 2 in Germany, 1 in Switzerland), 5 in Asia (3 in Singapore, 2 in Thailand) and 4 in the United States. No single country holds more than 4, so this is a spread across 6 markets. The sector pattern is tighter than the geography. 7 of the 16 rows carry a Gaming tag, 5 carry DeFi and 5 carry AI, and the Gaming rows show up in 5 of the 6 countries.
Crypto fund geographic focus: the 16 companies, row by row
Each row is a live NAUT page with the company's team and rounds on it. The country is the value stored on that NAUT row. The last column is the outcome NAUT's research step recorded on 11 November 2026: "Confirmed" means an outside page agreed, "Differed" means it gave another country, and "Not checked" means the step never read an outside page for that row.
| Company | Country | Check |
|---|---|---|
| Artem |
United Kingdom | Not checked |
| Astra Protocol |
United Kingdom | Not checked |
| bitsCrunch |
Germany | Not checked |
| Bloktopia |
United Kingdom | Not checked |
| Bullieverse |
United Kingdom | Confirmed |
| Deliq |
Singapore | Not checked |
| Dopamine |
Switzerland | Not checked |
| Elixir Games |
Singapore | Not checked |
| Every Finance (prev. Formation Fi) |
United States | Not checked |
| Gunzilla Games |
Germany | Confirmed |
| Hedge Labs |
United States | Not checked |
| Monsterra |
Singapore | Confirmed |
| Nyan Heroes |
United States | Differed |
| Senate |
Thailand | Not checked |
| Sidus |
Thailand | Differed |
| Sleepagotchi |
United States | Not checked |
3 rows read Confirmed, 2 read Differed and 11 read Not checked, which is 16. On sectors, these same 16 rows carry 7 Gaming tags, 5 DeFi and 5 AI.
What this tells a BD team working crypto investor geography
The usable list here is 16 names with a country, 5 of them checked. That is enough for a route and short of enough for a quarter.
- 2 stops cover half of it: 4 companies in the United Kingdom and 4 in the United States.
- Singapore and Thailand together hold 5 of the 16, so 1 Asia trip reaches more rows than either country alone.
- 7 of the 16 carry a Gaming tag, so a pitch built for game studios travels across 5 of the 6 countries.
- The 96 rows with no country still have a team and an X handle on their NAUT pages, so they are reachable without a location.
What a crypto VC portfolio by country cannot tell you
3 limits, stated so nobody builds a plan on the wrong one. First, 96 of the 112 rows hold no country on NAUT, so this is a map of 16 rows and not of the portfolio. Second, a country on a company row is the company's own location and carries no claim about where the fund wrote the cheque from. Third, 11 of the 16 stored countries were never read outside NAUT on 11 November 2026, and 2 of the 5 that were came back different, so treat the field as a starting point for a check you run yourself.
Related reading on NAUT: Shima Capital portfolio: 112 companies, median round $4.0M and Crypto VC Singapore: 11 funds, 1 with a 2026 round.
Can you pull this data through the NAUT API?
Yes, in 2 calls. GET https://api.naut.so/v1/investors/shima-capital returns the fund with its team and its portfolio, each row carrying the company, the round type, the amount in USD, the announce date and the lead flag, and then GET https://api.naut.so/v1/projects/monsterra returns 1 of those companies with its team so you can read its profile. Every call is GET with an Authorization: Bearer $NAUT_KEY header and costs 5 credits, plans start at $49 a month for 3,000 credits, and the parameters are on the API docs and the pricing page. Verified Telegram, email and LinkedIn for the people on those pages unlock on any paid NAUT plan, so start a 7-day trial if you need the contact routes as well as the countries.
Crypto fund geographic focus FAQ
What is crypto fund geographic focus?
It is the spread of countries the companies in a fund's portfolio are based in, read company by company. On NAUT's record for Shima Capital on 11 November 2026 it is 6 countries across the 16 of 112 backed company rows that carry a country value.
Which countries are Shima Capital's backed companies in on NAUT?
6 countries: the United States and the United Kingdom with 4 companies each, Singapore with 3, Germany and Thailand with 2 each and Switzerland with 1, read on 11 November 2026 from the 16 of 112 live backed company rows that store a country.
Why do most portfolio companies have no country on NAUT?
The country field is filled per company row, and on this portfolio 96 of the 112 live rows are blank as of 11 November 2026. A blank is a gap in the record, so those companies are still worth opening for their team, their rounds and their contact channels.
How reliable is a stored country on a company page?
Treat it as a lead and check it. 5 of these 16 stored countries were put to an outside page on 11 November 2026: 3 came back confirmed and 2 came back different, and the other 11 were never read outside NAUT.
Where can I find these companies and their contact channels?
On NAUT. Each of the 16 companies above is a live page with its team, its rounds and the channels NAUT holds on file, and the same data comes back from GET https://api.naut.so/v1/investors/shima-capital and GET https://api.naut.so/v1/projects/<slug> at 5 credits a call. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach the teams you shortlist.
Sources
- NAUT's own database, read on 11 November 2026: every backer record held for Shima Capital, resolved to 112 live publishable company pages, with the stored country and sector tags on each of those rows.
- 5 of the 16 stored countries were put to outside pages on 11 November 2026, on crunchbase.com, siliconcanals.com, technode.global, dealroom.co, zoominfo.com and startupintros.com: 3 came back confirmed (Gunzilla Games, Monsterra, Bullieverse) and 2 came back different (Nyan Heroes, Sidus). The other 11 of the 16 were not put through that check, and neither were the 96 rows with no stored country.
- NAUT API parameters and prices: naut.so/docs/api and naut.so/pricing.