Kimchi

What Kimchi does

Kimchi is a private family office and early-stage venture investor founded in 2014, operating from Lisbon, Portugal (Animal Spirits, Lda.) with regulated fund structures in Luxembourg (Kimchi Fund SCS and Rodman Fund SCS, managed by Shard 64 Management S.à r.l., an AIFM in registration). It runs three integrated lines of activity: a Traditional Investment arm focused on capital preservation across fixed income, equities and selected alternatives; a Venture Capital arm that invests in disruptive technologies through VC funds, selective direct deals and private equity, with a long-standing blockchain portfolio spanning Bitcoin, Ethereum, Polkadot, Avalanche, Solana, Cosmos, NEAR, Maker, Lido and other L1 protocols; and a SocialProjects grants and financing program in humanitarian aid, green technology, autism and cancer research. The firm's product surface includes the InvestmentFund (described as the first registered fund of its type investing in equity and tokens), the VentureBuilder program (which provides hands-on support in product, cryptography, tech, marketing, legal and regulatory plus initial funding to early-stage teams), and the SocialProjects grant vehicle. The business model is that of a family office: returns accrue to internal capital and, via the Luxembourg SCS vehicles, to qualified investors, with no public fee schedule or revenue disclosure.

Kimchi serves high-net-worth family-office capital, a small set of early-stage blockchain and Web3 founding teams, and foundations/direct aid organizations running social and environmental projects. Its go-to-market is relationship-driven — direct referrals, industry events, and foundation partnerships — rather than outbound sales. The firm explicitly positions itself as 'not highly active' in venture, emphasizing selectivity and a long-term horizon. Regulatory infrastructure (GDPR-compliant privacy program under Animal Spirits, Lda., KYC/AML onboarding, and SFDR disclosure for the Luxembourg funds) suggests readiness to onboard external qualified investors under EU standards, but no external LP base, AUM, fee structure or revenue is publicly disclosed. The company has 8 employees and no disclosed funding rounds.

Name

Kimchi

Legal name

Animal Spirits, Lda.

Website

https://kimchi.fund

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Kimchi is a private family office founded in 2014 that balances long-term capital preservation with early-stage venture investing, primarily in blockchain and frontier tech, via Luxembourg-regulated funds and a Lisbon operating entity. It also runs a venture-builder program and a social-impact grants arm.

Ownership category

akta.pro rank

Product category

Family Office & Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAPAIAD

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSANAGAH

Thematic / Sector-Focused Multi-Manager Platforms

Financial & Insurance/Private Equity & Venture Capital/Fund-of-Funds / Multi-Manager Platforms

SECONDARYFSADALAJ

Risk Management, Controls, Governance & Policy (Crypto)

Financial & Insurance/Crypto & Digital Assets/Compliance, AML/KYC, Risk & Forensics (Crypto)

Keywords

• Family office services
• Venture capital investing
• Blockchain investments
• Alternative asset management
• Early-stage venture funding

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Fund Returns: Returns from equity and token investments in high-impact projects with long-term potential through the InvestmentFund vehicle. Kimchi is the first registered investment fund of this type.
2. Venture Capital Fund Investments: Returns from venture capital funds, selective direct investments, and private equity opportunities in more established businesses with disruptive technology focus.
3. Social Impact Grants and Financing: Support for social and environmental impact projects through grants and financing, working with foundations in areas including humanitarian aid, green technology, autism and cancer research.

Distribution channels2 records

Marketing channels3 records

Core offering

Kimchi is a private family office and registered investment fund manager that invests across multiple asset classes (fixed income, equities, alternatives) while making selective venture capital and direct private equity investments in disruptive technology projects. It operates three core programs: an InvestmentFund for equity and token investments in high-impact projects, a VentureBuilder program providing product, cryptography, tech, marketing, legal and regulatory support with initial funding for early-stage teams, and SocialProjects grants and financing for humanitarian, green technology, autism and cancer research initiatives.

Product overview

Kimchi is a family office and early-stage venture investor operating as a unified platform with multiple investment products. The core offerings include: the InvestmentFund (a registered fund investing in equity and tokens for high-impact projects), VentureBuilder (direct project launch support with funding and operational assistance), and SocialProjects (grants for social/environmental impact). Traditional Investment services cover fixed income, equities and alternatives for capital preservation, while the Venture Capital arm focuses on disruptive technologies through funds and direct investments. The company has been active in the blockchain space since 2014, with a portfolio spanning Bitcoin, Ethereum, Polkadot, Avalanche, and other L1 ecosystems.

Differentiator

Problem solved

Functional benefit

Brands

• InvestmentFund: High-impact projects with long-term potential investing in equity and tokens; claims to be the first registered
• VentureBuilder
• SocialProjects

Products and services

• InvestmentFund

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves1 record

Expansion highlights5 records

Emerging players

• Delphi Digital: Delphi Digital is a crypto research and investment firm combining research-driven insights with venture and liquid token strategies. It shares Kimchi's thesis-based approach to crypto ecosystem investing, particularly across Layer 1 protocols and DeFi.

Broad incumbents

• Andreessen Horowitz (a16z Crypto): a16z Crypto is a major crypto-focused venture fund within Andreessen Horowitz, investing across the blockchain stack from Layer 1 protocols to applications. It shares Kimchi's thematic focus on disruptive crypto innovation but operates at significantly larger scale.
• Galaxy Digital: Galaxy Digital is a diversified crypto financial services and investment management firm offering asset management, trading, and advisory services. While much larger and broader than Kimchi, both firms combine crypto-native investing with traditional financial structuring.
• Digital Currency Group: Digital Currency Group is a holding company that builds, supports, and invests in companies across the blockchain ecosystem, including Grayscale and Coinbase (historically). Both firms take broad-based ecosystem investment approaches in the crypto space.
• Coinbase Ventures: Coinbase Ventures is the venture investment arm of Coinbase, investing in early-stage crypto and blockchain companies. Both firms deploy capital across the blockchain ecosystem with early-stage focus, though Coinbase Ventures benefits from the parent exchange's infrastructure.
• Binance Labs: Binance Labs is the venture and incubation arm of Binance, investing in and incubating early-stage blockchain projects. Both Kimchi and Binance Labs share a venture builder ethos supporting teams across product, technology, and regulatory areas.

Direct peers

• Multicoin Capital: Multicoin Capital is a crypto-native investment firm managing venture and liquid token funds with a thesis-driven approach to blockchain ecosystems. Both Kimchi and Multicoin emphasize Layer 1 protocol exposure and early-stage crypto venture activity.
• Paradigm: Paradigm is a crypto-focused investment firm that backs early-stage protocols and companies across the crypto ecosystem. Both firms concentrate on disruptive blockchain technologies, though Paradigm operates at significantly larger scale with institutional backing.
• Pantera Capital: Pantera Capital is one of the earliest crypto-focused investment firms, launching its first fund in 2013 and offering venture, token, and liquid token funds. Like Kimchi, it provides diversified exposure to the blockchain ecosystem through multi-strategy fund vehicles, though at substantially larger scale.
• Polychain Capital: Polychain Capital is a crypto-focused investment firm founded in 2016 with a thesis-driven approach to blockchain protocols and applications. It shares Kimchi's focus on Layer 1 ecosystems and decentralized infrastructure investments.

Market position

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/kimchifund

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kimchi