Web3 Venture Capital Blockchain Founders Fund has announced the final close of its $75 million Fund II with participation from several key investors to support high growth potential pre-seed and seed stage Web3 and blockchain startups.
Investors include family offices and institutions in the industry including Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, and more.
Aly Madhavji, Managing Partner at Blockchain Founders Fund said, “We are honored and grateful for the support Blockchain Founders Fund has received from top institutions and industry leaders. Through our collaborations with the most innovative startups in the Web3 ecosystem, we have made significant investments that have already started to reshape industries. 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.”
Growing web3 and blockchain
After announcing its principal close of BFF Fund II last year, the venture capital is focused on Supporting Web3 startups that could redefine and streamline the mass adoption of Web3 and blockchain technology.
“Building meaningful relationships is at the core of what we do as a company and we take great pride in creating an environment built on mutual respect, shared goals and supporting each other’s success. We are thrilled to be closing our Fund II and to be continuing our journey of investing in great founders,” said Mansoor Madhavji, Partner at Blockchain Founders Fund.
BFF has so far invested in more than 100 startups including Altered State Machine, Splinterlands, GRID, Krayon and Magna and continues to be amongst the most active Web3 investors after participating in 50 Investments over the last 12 months.
The BFF team is also working closely with portfolio founders through its venture program that provides execution-focused support across business functions such as marketing, growth hacking, tokenomics, fundraising, and more to accelerate and drive success.
Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.
