Blockchain Founders Fund announced that its Fund II had completed the US $75 million fundraising
It is reported that Blockchain Founders Fund (BFF) announced the completion of its second phase of fund raising, with the participation of major investors, family offices and industry institutions, including Sebastien Borget, GSR, LD Capital, Metavist Capital, etc., the chief operating officers of Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks and The Sandbox. BFF’s Fund II aims to support pre-seed and seed stage Web3 and blockchain start-ups with high growth potential.
Interpretation of this information:
The Blockchain Founders Fund (BFF) has recently concluded its second phase of fund raising with support from major investors, family offices, and industry institutions. Among the participants are experts from technical giants such as Ripple, Polygon, and NEO Global Capital (NGC). The fund’s second stage targets start-ups in the pre-seed and seed phase whose focus is on Web3 and blockchain with high growth potential.
This update suggests that there is still significant interest from investors and family offices in the blockchain start-up ecosystem. The involvement of significant industry experts indicates the high hopes and standards of the Blockchain Founders Fund in supporting Web3 and blockchain start-ups.
Furthermore, the composition of support, as well as the fund’s focus, implies that there is a growing need for start-ups whose core focus is on blockchain technologies. These rapidly accelerating technologies are rapidly shaping industries such as finance, supply chain, and digital identity verification.
Finally, the involvement of industry leaders such as Ripple and NEO Global Capital (NGC) lends legitimacy and credibility to BFF’s investment decisions. The Sandbox, Appworks, and Octava are additional heavyweights providing strategic insights and technical expertise to the fund’s portfolio companies.
Overall, the Blockchain Founders Fund’s second funding round suggests that investors and family offices see a significant opportunity in the blockchain start-up ecosystem, and that early-stage funding for these start-ups continues to grow. As a result, start-ups looking to seize the opportunities present should be prepared to present well-defined blockchain solutions with high growth potential to attract investment.
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