The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended.
After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on February 27 the final close of its Fund II.
Blockchain Founders Initiative Completes Fund II
Key individuals, wealth management, and organizations are said to have participated in the funding by Blockchain Founders Fund, as stated in a press release on the closing of Fund II by the company.
Ripple, Appworks, Octava, Polygon, NEO Global Capital (NGC), LD Capital, Metavest Capital, and GSR are among this group’s companies. In addition, the CFO of The Sandbox, Sebastien Borget, contributed to the fundraising.
Blockchain Founders Fund already has $75 million in its coffers and intends to “help high upside opportunities pre-seed and seed phase Web3 and blockchain firms.”
Since it was founded in 2018, the company has consistently assisted the most inventive and successful Web3 start-ups.
Blockchain Founders Fund has been around for five years, and during that time, it has amassed several substantial investments; the completion of Fund II is, without a doubt, an important milestone for the team.
The Fund’s investments are currently helping more than one hundred new businesses. Recipients of the venture capital fund include the AI Metaverse firm based in New Zealand known as Altered State Machine (ASM), Magna, and Splinterlands, amongst others.
In spite of the volatile stock market and the uncertain state of the economy, BFF has made fifty investments over the past year in preparation for the final close of its Fund II.
Its venture program supports various business models, enabling the organization to work closely with the founders of the portfolio companies it invests in.
The program’s goal is to help new businesses get off the ground by assisting with things like marketing and fundraising.
While Blockchain Founders Fund has access to the founders of the companies in its portfolio, the company has accumulated more than 350 executive advisors in its Expert Network.
By connecting with others in the blockchain sector, members increase their standing in the industry and gain access to useful information.
Remarks From the BFF’s Financing
Mansoor Madhavji and Tobias Bauer, partners at Blockchain Founders Fund, each offered their perspective on the conclusion about Fund II.
Madhavji strongly emphasized the fundamental importance of relationship building at BFF. He mentioned that the BFF’s objective is to create an open atmosphere of mutual responsiveness and common objectives.
The BFF partner brought up the point that the community takes great delight in assisting each other’s enterprises and celebrating each other’s victories.
Bauer stated:
“I am extremely thrilled to continue working directly with our portfolio firms and supporting them with all of the tools they require to become leaders in the field,” said the investor.
Over the past four years, our company has worked hard to amass an extensive collection of resources and tools to offer businesses the most favorable conditions for their continued growth and prosperity.