Start 7-day trial
All articles

Shima Capital co-investors: 333 backers, 180 on 2 or more rounds

By NAUT Research · · 5 min read

333 Shima co-investors investor firms share at least 1 of Shima Capital's 117 rounds on NAUT, 180 on 2 or more. Logos: Genblock Capital, AU21 Capital, LD Capital, Momentum 6, X21 Digital, Spark Digital Capital, NGC Ventures, ZBS Capital, Dweb3 Capital, Magnus Capital, OKX Ventures, Coinbase Ventures.

NAUT tracks 333 investor firms that share at least 1 round with Shima Capital, across the 117 Shima round records NAUT held on 14 November 2026 (dated 9 March 2021 to 1 October 2026). 180 of those Shima Capital co-investors sit on 2 or more of the rounds, and Genblock Capital (28 shared rounds), AU21 Capital (27) and LD Capital (20) appear most often.

Data note: counts are NAUT's record, read from the database on 14 November 2026. A co-investor is an investor-type row, not archived and not merged, listed as a backer on the same round record as Shima Capital. Shima is held under 1 NAUT row. The 117 rounds cover 112 companies; 4 of the records carry no date. Shared-round counts come from NAUT's round backer rows only, so a round a source reports but NAUT has not stored is not counted. 12 claims about the top funds were put to outside pages; 7 came back confirmed and are used below, 5 did not and are left out.

Which firms invest alongside Shima Capital most often?

22 firms share 9 or more rounds with Shima Capital on NAUT's record, ranked below by shared rounds. Each name opens the fund's NAUT page with its portfolio and team.

Rank Fund Shared rounds
1 28
2 27
3 20
4 16
4 16
6 15
7 14
8 13
9 12
9 12
11 11
11 11
11 11
11 11
11 11
11 11
17 10
17 10
19 9
19 9
19 9
19 9

6 more firms share 8 rounds each, among them Basics Capital, Big Brain Holdings and GSR. Where NAUT holds a fund's X handle, it sits on that fund's page. Shima's own, @shimacapital, was checked against its X profile, which describes an early-stage global firm backing blockchain startups.

Shima Capital co-investors by shared rounds

Shared Shima Capital rounds, top 10 co-investors on NAUT
  1. Genblock Capital28
  2. AU21 Capital27
  3. LD Capital20
  4. Momentum 616
  5. X21 Digital16
  6. Spark Digital Capital15
  7. NGC Ventures14
  8. ZBS Capital13
  9. Dweb3 Capital12
  10. Magnus Capital12

The top 2 sit on 55 Shima rounds between them, and no other firm reaches 21.

How many Shima Capital co-investors come back for 2 or more rounds?

180 of the 333 share 2 or more rounds with Shima: 114 firms share 3 or more rounds with Shima, 55 share 5 or more, and 18 share 10 or more. The other 153 of the 333 appear on 1 Shima round only.

  • Most of it is 2021 and 2022. 90 of the 117 round records are dated in those 2 years (40 and 50), 23 fall from 2023 to 2026, and 4 carry no date. The top of this table mostly reflects that early run.
  • Lead flags. NAUT's record marks Shima Capital as lead on 0 of its 117 rounds. That is the stored flag, which may miss a lead an outside report names.
  • What the outside checks confirmed. NGC Ventures says it "invests in early stage, web 3.0 infrastructure startups and projects". ZBS Capital says its team invests "in crypto startups in order to deliver the web3 revolution to the masses". DWeb3 Capital calls itself "a leading digital fund, idea lab, and incubator" active since 2018. Pages for Genblock Capital, AU21 Capital and Spark Digital Capital also describe them as blockchain or crypto investors.

What this tells a founder raising

  • If Shima Capital is on your list, Genblock Capital and AU21 Capital are the 2 firms that most often join its rounds on NAUT's record.
  • 180 firms have joined Shima more than once, so the co-investor pages are a warm list to work from.
  • Check recency on each fund page before you pitch, since 90 of Shima's 117 rounds on NAUT are dated 2021 or 2022.
How a founder can use the Shima Capital syndicate
  1. Start at the topOpen Genblock Capital (28 shared rounds) and AU21 Capital (27).
  2. Check recencyOn each fund page, check the date of its latest round before you write.
  3. Find the partnerEach fund page lists its team; pick the person tied to your sector.
  4. Bring the overlapName the Shima rounds you share with that fund when you reach out.

What this tells a BD team or investor sourcing

  • Funds on 10 or more Shima rounds (18 firms) are a ready shortlist of crypto backers who already invest beside Shima.
  • Exchange arms sit in the top 22: OKX Ventures and Gate.io Labs at 11, HTX Ventures at 10, Coinbase Ventures at 9.
  • A firm on 1 Shima round (153 of the 333) is a weaker signal of a standing relationship.
How a BD team can work this list
  1. Pick the depthStart with the 18 firms on 10 or more shared Shima rounds.
  2. Split by typeSeparate exchange arms like OKX Ventures from funds like LD Capital.
  3. Reach the teamEach NAUT fund page lists its people and the channels on file.

Related reading on NAUT: Shima Capital portfolio: 112 companies, median round $4.0M and Crypto co-investors: 3 steps, 168 on 66 rounds for 1 fund.

Can you pull this data through the NAUT API?

Yes: GET https://api.naut.so/v1/investors/shima-capital with the header Authorization: Bearer $NAUT_KEY returns the fund with its team and portfolio rows (company, round type, amount, announce date, lead flag), and the same call on a co-investor slug such as genblock-capital returns that fund's rows to compare. Each call costs 5 credits; the docs are at naut.so/docs/api and plans at naut.so/pricing. Verified Telegram, email and LinkedIn for the people at these funds unlock on any paid NAUT plan, so start a 7-day trial.

Shima Capital co-investors FAQ

Which firms invest alongside Shima Capital most often?

On NAUT's record read 14 November 2026, Genblock Capital shares 28 of Shima Capital's 117 rounds, AU21 Capital 27 and LD Capital 20, followed by Momentum 6 and X21 Digital at 16 each.

How many co-investors does Shima Capital have?

NAUT tracks 333 investor firms that share at least 1 round with Shima Capital as of 14 November 2026; 180 of them share 2 or more and 55 share 5 or more.

Does Shima Capital lead its rounds?

NAUT's record marks Shima Capital as lead on 0 of its 117 round records as of 14 November 2026, which reflects the stored lead flag and may miss a lead named elsewhere.

Where can I find Shima Capital's co-investors and their contact channels?

NAUT's page for each of the 333 co-investors lists its portfolio and team, and GET https://api.naut.so/v1/investors/shima-capital returns Shima Capital's own rounds. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial.

Sources

Browse all articles