#Table of Contents

03/22/2023 09:48 • Daily Digest • 93 views

On March 22, Alfred Shang, CEO and co founding partner of BitRock Capital, said in an interview that with the support of logistics real estate operator GLP Pte, BitRock Capital aims to close new funds in the third quarter and intends to raise $100 million. The new fund will target software as a service and digital opportunities in China, financial technology companies in Southeast Asia, and global startups in the fields of digital asset infrastructure and Web3.

BitRock Capital’s new fund plans to raise $100 million, with investment directions including Web3 and other fields

1. Introduction
2. BitRock Capital’s Partnership with GLP Pte
3. The Purpose of the New Funds
4. Target Market: Software as a Service and Digital Opportunities in China
5. Target Market: Financial Technology Companies in Southeast Asia
6. Target Market: Digital Asset Infrastructure and Web3 Startups
7. Conclusion
8. FAQs

Introduction

BitRock Capital, a venture capital firm focusing on technology investments, is set to close new funds in the third quarter. CEO and co-founder Alfred Shang announced in an interview on March 22 that the firm aims to raise $100 million with the support of logistics real estate operator GLP Pte.

BitRock Capital’s Partnership with GLP Pte

BitRock Capital’s partnership with GLP Pte is expected to provide the necessary financial and logistical support for the fund’s investments. Together, the two firms plan to target opportunities in software as a service, financial technology companies, and digital asset infrastructure in China, Southeast Asia, and beyond.

The Purpose of the New Funds

The purpose of the new funds is to invest in promising companies in the technology sector, specifically in software as a service, financial technology, and digital asset infrastructure. These industries have continued to grow rapidly in recent years, and the new funds will provide a platform for BitRock Capital to capitalize on the trend.

Target Market: Software as a Service and Digital Opportunities in China

China is home to one of the largest and most rapidly-growing technology markets in the world. The software as a service industry, in particular, has seen a surge in growth in recent years. BitRock Capital’s new fund will focus on investing in promising companies operating in this sector. The goal is to identify scalable business models with a focus on digital opportunities in China.

Target Market: Financial Technology Companies in Southeast Asia

Southeast Asia is another rapidly-growing technology market that has massive potential for further growth in the financial technology sector. BitRock Capital’s new fund will look to identify and invest in promising fintech startups in Southeast Asia, capitalizing on the region’s rapid growth and emerging technologies.

Target Market: Digital Asset Infrastructure and Web3 Startups

The new funds will also target digital asset infrastructure and Web3 startups. This is an area of the technology industry that is seeing rapid evolution and growth, and BitRock Capital is eager to capitalize on the trend. The firm is looking for promising startups in infrastructure and Web3 technologies, positioning itself at the forefront of this emerging market.

Conclusion

BitRock Capital’s new fund, with the support of GLP Pte, is set to invest $100 million in promising technology companies in China, Southeast Asia, and emerging markets in the digital asset infrastructure and Web3 sectors. These new funds will provide a platform for the firm to take advantage of the rapidly-growing technology industry in these regions.

FAQs

1. What is BitRock Capital?

BitRock Capital is a venture capital firm that focuses on investing in promising technology companies in emerging markets.

2. What is GLP Pte?

GLP Pte is a logistics real estate operator that is partnering with BitRock Capital to support the new funds.

3. What industries will the new funds target?

The new funds will target promising companies in the software as a service, financial technology, and digital asset infrastructure and Web3 sectors in China, Southeast Asia, and beyond.

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