Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups

On March 30, Gumi Cryptos Capital (GCC), introduced the blockchain-focused enterprise capital agency’s second fund that may make investments $110 million in early-stage blockchain startups. The second fund follows GCC’s preliminary $21 million fund that backed seed stage founders.

Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups

The blockchain-focused enterprise capital agency Gumi Cryptos Capital (GCC) has introduced the launch of a $100 million fund that will likely be centered on blockchain ideas like decentralized finance (defi), recreation finance (gamefi), Web3, and different sorts of concepts being created by early-stage blockchain startups. In an announcement despatched to Bitcoin.com News, GCC’s managing accomplice Rui Zhang stated: “Think of us as blockchain’s skilled, high-conviction, excessive belief, hands-on worth including, very long time desire, unicorn to megacorn, builder-focused all-in enterprise society.”

GCC’s announcement additional particulars that Fund II will goal software program engineers, decentralized autonomous organizations (DAOs), guilds, and extra “at any layer on the earliest stage and is chain-agnostic.” “Fund II will put money into each fairness and tokens,” the announcement explains. “GCC expects to speculate between $500,000 to $5 million per mission by way of each preliminary and follow-on investments.”

Venture Capital Continues to Bolster Blockchain Funds, GCC Managing Partner Says ‘There’s a Strong Appetite for Experimentation’

GCC’s Fund II follows a slew of enterprise capital funds introduced over the last 12 months. Cypher Capital, a United Arab Emirates (UAE)-based enterprise capital (VC) agency simply announced a $100 million fund centered on metaverse, defi, and gamefi ideas. The crypto change Luno introduced that the agency’s funding arm, Luno Expeditions, launched a fund devoted to fintech startups. Venture capital agency Griffin Gaming Partners (GGP) announced a $750 million fund to help gaming ideas that contain blockchain and Web3 concepts.

According to GCC, the businesses within the agency’s portfolio have raised greater than $1 billion since January 2020. The firm’s managing companions embody Hironao Kunimitsu, Miko Matsumura, and Rui Zhang. “We stay within the Experimental Age,” Matsumura explains in an announcement despatched to Bitcoin.com News. “The current establishments and infrastructure together with social infrastructure, governance, monetary companies and massive tech are demonstrably failing us. Because the way in which ahead is unknown, there’s a robust urge for food for experimentation.” Matsumura added:

Tokens signify financial experimentation powering Web3, DAOs and guilds are governance experiments. Avatars signify “character experiments” whether or not backed by people, bots or teams. NFTs are experimental digital belongings. The metaverse is a set of experimental realities.

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