Phil Chen is a founding partner at Race Capital and managing partner emeritus at Presence Capital who simultaneously served as HTC's Chief Decentralized Officer, where he created both the HTC Vive VR headset and HTC Exodus blockchain phone before moving into venture capital. He focuses on investing in decentralization and Web3 infrastructure at the hardware level, treating smartphones as nodes in decentralized networks and backing foundational platforms like his early 2016 investment in Zoom based on video as core infrastructure.
About their Fund
Race Capital
Sectors
AI, Web3 / Crypto, Data, Enterprise, Fintech
Rounds
Pre-Seed - Seed
Avg Check Size
$100K - $5M
Notable Investments
Race Capital is led by Alfred Chuang, a rare "founder-operator-VC" who co-founded and sold BEA Systems to Oracle for $8.5B and is called the "Silicon Valley CEO's CEO" by Andreessen Horowitz, giving the fund unusually deep CEO-to-CEO coaching for infrastructure founders. The fund focuses purely on infrastructure across both Web2 and Web3, with early team members who were first-check backers in Databricks, Solana, FTX, Slack, and Binance, positioning Race as a bridge between traditional enterprise computing and crypto infrastructure rather than a generalist fund.
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
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Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
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7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
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Deeptech / Hardware
Robotics
Biotech
+
2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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