- Blockchain Founders Fund’s BFF Fund II is a $75 million fund for Web3 startups.
- Backers of the fund embody Polygon, Ripple and NEO World Capital (NGC).
- BFF launched its BFF Fund in 2018 and has invested in over 100 tasks, together with Splinterlands.
Blockchain Founders Fund (BFF), a Singapore-based early stage Web3 enterprise capital fund, has introduced the ultimate shut of its second fund.
Whereas BFF introduced the principal shut of its Fund II in early 2022, the most recent announcement is a last shut that included the participation of main crypto-focused buyers, establishments and household workplaces.
Per the corporate, which revealed the event by way of a press launch, members within the $75 million fund embody Polygon, Ripple, and NEO World Capital (NGC). As highlighted final September, Polygon invested in BFF as a part of its objective in direction of world blockchain adoption.
Others have been Appworks, The Sandbox COO Sebastien Borget and Metavest Capital.
BFF Fund invests in early stage Web3 startups
The Singapore-based fund will use the financing to help the pre-seed and seed rounds of prime startups throughout Web3 and blockchain.
In response to BFF managing companion Aly Madhavji, the fund has already invested in tasks which are at the moment reshaping the Web3 ecosystem.
“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,” he added.
The BFF Fund fund launched in 2018, and has to date seen investments in additional than 100 startups, half of those coming up to now yr regardless of the crypto winter.
Startups which have benefited from BFF’s help embody multiplayer collectible card recreation Splinterlands, synthetic intelligence (AI) metaverse protocol Altered State Machine, and token administration platform Magna.
As reported earlier this yr, BFF lead a $500,000 seed spherical for blockchain platform Koinos.
