Blockchain Founders Fund Completes Second Fundraising Phase

02/27/2023 13:39 • AI & Tech Insights • 75 views

It is reported that Blockchain Founders Fund (BFF) announced the completion of its second phase of fund raising, with the participation of major investors, family offices and industry institutions, including Sebastien Borget, GSR, LD Capital, Metavist Capital, etc., the chief operating officers of Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks and The Sandbox. BFF’s Fund II aims to support pre-seed and seed stage Web3 and blockchain start-ups with high growth potential.

Blockchain Founders Fund announced that its Fund II had completed the US $75 million fundraising

Interpretation of the news:

The Blockchain Founders Fund (BFF) has successfully completed its second phase of fundraising with the involvement of leading investors, family offices, and industry institutions. The fund aims to support blockchain and Web3 start-ups at the pre-seed and seed development stages that possess high growth potential.

The group of investors who participated in the second phase of fundraising includes Sebastien Borget, GSR, LD Capital, and Metavist Capital. The Chief Operating Officers of top companies such as Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, and The Sandbox are also part of the group.

By raising funds for their second phase, Blockchain Founders Fund can now support more blockchain start-ups and expand its investment portfolio to help aspiring entrepreneurs in the industry. Not only this, but the involvement of industry institutions and top-rated COOs will add value to BFF’s strategies and expertise in guiding start-ups in their areas of operation.

Blockchain technology and Web3 networks are on the verge of transforming various sectors of the economy, making startups in this sector highly promising given that the industry is still in its infancy. This is where the Blockchain Founders Fund comes in, as it helps start-ups to take off and also provides a platform for them to connect to other entrepreneurs in the same industry.

The second fundraising phase’s success is a testament to BFF’s strategy in identifying and supporting blockchain-based start-ups that are in their early stages of development. By investing in pre-seed and seed stage start-ups, BFF not only provides financial support, but also provides mentorship, resources, and connections to help these startups thrive.

In conclusion, the success of BFF’s second fundraising phase indicates the high potential of the industry and the increasing demand for pre-seed and seed stage start-ups. The participation of major investors, family offices, and industry institutions confirms the high expectations that they have on this rapidly growing industry. Blockchain Founders Fund is expected to play a crucial role in supporting young entrepreneurs and bringing innovative solutions to the market.

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