Singapore VC Blockchain Founders Raises $75M for New Fund

The company has been an early investor in blockchain, crypto, Web 3 and metaverse startups.

AccessTimeIconJan 24, 2022 at 7:30 p.m. UTC
Updated Jan 24, 2022 at 7:42 p.m. UTC

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Blockchain Founders Fund raised $75 million for its BFF II fund from a range of investors, including NEO Global Capital, AppWorks, and Sebastien Borget, chief operating officer of The Sandbox, a video game and metaverse app, the company said in a release Monday.

  • The fund said it has already invested in a number of companies, including decentralized derivatives exchange FXDX and video games tech startup Breshna.
  • Singapore-based Blockchain Founders Fund has been an early investor in blockchain, crypto, Web 3 and metaverse startups.
  • "We're very excited by the enthusiasm and support from key industry leaders to back entrepreneurs that will shape the Web3 ecosystem," ​​Blockchain Founders Fund Managing Partner Aly Madhavji said.

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Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.