Blockchain Founders Fund, a Singapore-based venture capital firm, has raised $75 million for its new fund BFF II.
NEO Global Capital, Appworks, The Sandbox (SAND) Sebastien Borget COO, GSR, LD Capital, Metavest Capital, TechMeetsTrader, Zipmex, Baksh Capital, Octava, and Aria Group were among the fund’s significant backers.
The BFF II has already invested in 11 businesses, including FXDX, a decentralized derivatives market, Breshna, a video game firm, and Health Hero, a healthcare platform.
In the release, Mansoor Madhavji, Partner at Blockchain Founders Fund, said:
“We’ve got an incredible team working with us day to day to discover and support great companies and we continue to support our portfolio companies with their talent needs and expand the team with individuals that want to be at the cutting edge of blockchain and VC.”
While the larger crypto market has yet to recover from its gloomy phase in the new year, investments in crypto-related startups have not slowed.
Animoca Brands just secured roughly $369 million in a fresh round of fundraising, nearly doubling its worth from October 2021. Furthermore, according to the Financial Times, Andreessen Horowitz is looking to raise $4.5 billion for two new crypto funds.