Blockchain Founders Fund Announces First Close of $75 Million Venture Fund -Breaking
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Blockchain Founders Fund announced that BFF II has closed. Notable investors in the crypto and blockchain industry, as well as reputable family offices around the globe participated in the $75 million fund.
Roger Lim, Founding Partner at NEO Global Capital (NGC), and an investor in BFF II, said.
BFF was an investor in many of the leading blockchain companies. We are looking forward to co-investment and establishing a long-term strategic partnership with them.
BFF’s goal is to invest early in entrepreneurs who are building blockchain, metaverse, and crypto-based startups. They also provide hands-on support through the Venture Program.
BFF II’s investment strategy is a continuation of the success of the venture program model, investing into pre-seed and seed stage projects, and then following on, investing up to $5m into future funding rounds.
Sandeep Nailwal was the founder and investor of Polygon II.
We are thrilled by BFF’s direct approach to backing strong founders and working closely with them.
NEO Global Capital (NGC), Appworks, Sebastien Boget COO Of The Sandbox GSR, LD Capital and Metavest Capital TechMetsTrader Zipmex Baksh Capital, Octava and Aria Group are just a few of the noteworthy investors who participated in BFF II.
Blockchain Founders Fund Portfolio includes Splinterlands, which according to DappRadar is #1 ranked in blockchain games, along with leading companies like LunarCrush and ASM (NYSE:).
BFF II made its first investment into a few exciting companies, including FXDX and GRID.
Aly Madhavji is the Managing Partner of Blockchain Founders Fund.
We are very pleased by the support and enthusiasm shown us by key industry figures to help entrepreneurs shape the Web3 ecosystem.
Mansoor Madhavji (Partner at Blockchain Founders Fund) added that they were discussing near-term plans.
We have an amazing team that works with us every day to find and support exceptional companies. Our portfolio companies continue to receive support with talent and we are constantly looking for people who want to join the forefront of blockchain technology and VC.
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