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Tier 2Active

Foresight Ventures

AIDeFiInfrastructureL1StablecoinsDePIN

Fund snapshot

Lookout tier
Tier 2
Lookout score
84/100
AUM
$400M
Vintage
2020
Check size
$500K – $5M
Stage
Seed, Series A
Role
Leads rounds

Lookout's read

How Lookout reads this fund.

One of the more aggressive Asia-based crypto funds of the last cycle, with real conviction in AI-crypto — the 2024 Story Protocol / Sentient / 0G cluster maps almost exactly to Lookout's thesis. They lead rounds and deploy a large multi-strategy book, but the Forest Bai step-back and a heavy China lineage are watch-items for governance and US-facing deals. A high-fit, high-energy lead for AI×crypto founders comfortable with an Asia-anchored cap table.

Fund thesis

What they back.

Support Web3 projects that drive decentralization and mainstream adoption, deploying across a VC fund, secondary fund and fund-of-funds to back infrastructure and emerging AI-crypto applications.

Portfolio

Notable bets · 4

3 with realized tokens or exits

Story Protocol

2024
AI / IPSeedToken live

Sentient

2024
AISeedActive

Aptos

2022
L1StrategicToken live

IoTeX

2021
DePINStrategicToken live

In their orbit

Deals Lookout covers.

Team

Who runs the capital.

Forest Bai

@forestbai

Co-founder (→ Advisor)

Tsinghua grad, ex-Huarong Securities, chairman of The Block; founded Foresight in 2020.

Alice Li

Partner, Head of NA

Leads stablecoin, payments and AI-app investing; ex-TikTok and Amazon product growth.

Co-investors

Who they ride with.

Facts public-source · tier & read are Lookout judgment · profile updates continuously