Crypto enterprise capital agency Gumi Cryptos Capital (gCC) has launched a $110 million second fund, gCC Fund II, to spend money on about 50 cryptocurrency corporations via fairness and tokens.
Funding comes from about 60 restricted companions, about half of which come from listed corporations in Japan. Companions embrace Hironao Kunimitsu, Rui Zhang and Miko Matsumura.
gCC Fund II shall be co-led by the three companions of gCC Fund I, Kunimitsu, Zhang, and Miko Matsumura.
The gCC Fund II will present early-stage investments in startups akin to Decentralized Autonomous Organizations (DAOs), Guilds, Internet 3 Purposes, Video games, and protocols, investing $500,000 to $5 million in every excellent undertaking.
gCC Fund II has invested in Internet 3 schooling platform ProofofLearn, NFT liquidity aggregator XY Finance, monetary NFT platform Solv Finance, Internet 3 accelerator, and developer neighborhood AllianceDAO.
Hironao Kunimitsu says that:
“We have now distinctive entry to each Silicon Valley startup tradition and capital markets in addition to entry to the Japan market. Japan can also be dwelling to distinctive mental property property particularly within the fast-growing gaming sector. With our distinctive geographic benefit, we will help formidable tasks develop quicker,”
Bain Capital Ventures, the enterprise arm of the 37-year-old personal fairness agency Bain Capital, introduced on March 9 that it had launched a $560 million fund targeted solely on cryptocurrency-related efforts.
Tekin Salimi, a former normal companion of crypto enterprise large Polychain Capital, introduced that he had launched a $125 million fund known as dao5 to assist present blockchain startups with early-stage funding in March.
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