Blockchain Founders Fund, an early stage Web3 Venture capital fund based in Singapore, has announced the final close of its Fund II at $75 million.
Fund II, which aims to support high growth potential pre-Seed and Seed stage Web3 and blockchain startups, received backing from key investors, including Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, and more.
The firm announced its principal close of BFF Fund II early last year. BFF is one of the leading venture capital funds in the industry, with a focus on supporting high potential early stage (pre-seed and seed) startups that redefine and streamline the mass adoption of Web3 and blockchain technology.
Currently, BFF has invested in over 100 startups including Altered State Machine, Splinterlands, GRID, Krayon and Magna. Despite the bear market BFF continues to be amongst the most active Web3 investors, making 50 investments in the past 12 months.
The team works extremely closely with portfolio founders through its venture program that provides execution focused support across business functions including marketing, growth hacking, tokenomics, fundraising, and more to accelerate and drive success.
BFF has also built a global collective of more than 350+ executive advisors in its Expert Network, which provides a comprehensive and exciting environment for portfolio companies to collaborate with leading investors and industry experts, including business advisors, entrepreneurs, mentors and blockchain thought-leaders.
“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 decentralized, transparent, and equitable world,” said Aly Madhavji, managing partner at Blockchain Founders Fund.
The successful close of BFF Fund II marks a milestone for Blockchain Founders Fund. Since the fund’s launch in 2018, BFF has had the privilege to partner with some of the most innovative startups in Web3 landscape and has made significant investments.
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