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Crypto Investment Firm Sanctor Capital Raises $20M for First Fund

Veterans of Crypto Briefing started Sanctor earlier this year with a focus on GameFi.

By Brandy Betz
AccessTimeIconNov 2, 2021 at 1:00 p.m. UTC
Updated May 11, 2023 at 7:09 p.m. UTC
(Svetlana Lukienko/Shutterstock)
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Blockchain investment firm Sanctor Capital has raised $20 million for its inaugural fund, which will provide strategic capital and resources to blockchain-based online games (GameFi), decentralized finance (DeFi) and cross-chain infrastructure projects.

  • “Our hands-on background and crypto experience gives us a unique perspective on crypto entrepreneurship,” Han Kao, founder of Crypto Briefing and Sanctor Capital, said in a press release. “We have been there before, and have done it all ourselves.”
  • Sanctor Capital launched earlier this year with the goal of becoming a “sanctuary” for crypto founders. Sanctor partner Ilya Abugov previously headed research at Crypto Briefing.
  • Last month, Sanctor co-led the $4.2 million funding round for Synchrony, a Solana-based, on-chain asset management protocol. Synchrony was one of the graduates of Sanctor’s Y-Combinator-style mentorship program, Sanctor Turbo.
  • “While the initial boost came from decentralized finance, it’s become clear that the utility and value proposition of blockchain and crypto has now risen to a cultural significance that we could not have anticipated,” Abugov said in a statement. “We believe that this will open up the way for new entrants into the space who are rethinking the way we interact with games, art, music and so much more.”
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    Brandy Betz
    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

    Follow @BrandyBetz on Twitter

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