On March 30, Gumi Cryptos Capital , announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders.
Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startupshas announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance , game finance , Web3, and other types of ideas being created by early-stage blockchain startups. In a statement sent to Bitcoin.
GCC’s announcement further details that Fund II will target software engineers, decentralized autonomous organizations , guilds, and more “at any layer at the earliest stage and is chain-agnostic.” “Fund II will invest in both equity and tokens,” the announcement explains. “GCC expects to invest between $500,000 to $5 million per project through both initial 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 venture capital funds announced during the last year. Cypher Capital, a United Arab Emirates -based venture capital firm just
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