Blockchain Founders Fund Bags US$75M to Invest in Web3, Blockchain Startupsby Fintech News Singapore February 28, 2023
Blockchain Founders Fund (BFF) announced the final close of its US$ 75 million Fund II to invest in pre-seed and seed stage Web3 and blockchain startups.
The fund was joined by Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, and more.
BFF has made 50 investments in the past 12 months alone and has funded over 100 startups to date including Altered State Machine, Splinterlands, GRID, Krayon and Magna.
The firm BFF has also built a global collective of more than 350+ executive advisors in its Expert Network to enable its portfolio companies to collaborate with business advisors, entrepreneurs, mentors and blockchain thought-leaders.
Aly Madhavji, Managing Partner at Blockchain Founders Fund said,
“Through our collaborations with the most innovative startups in the Web3 ecosystem, we have made significant investments that have already started to reshape industries.
As we close this fund, we remain committed to supporting the next generation of visionary entrepreneurs who are shaping the future of Web3 and blockchain technologies. Together, we can build a more decentralised, transparent, and equitable world.”
Mansoor Madhavji, Partner at Blockchain Founders Fund said,
“Building meaningful relationships is at the core of what we do as a company and we take great pride in creating an environment built on mutual respect, shared goals and supporting each other’s success.
We are thrilled to be closing our Fund II and to be continuing our journey of investing in great founders.”