Suche
Mein Konto
Gumi Cryptos Capital launches $110 million fund for blockchain startups
The venture capital firm hopes to build on the success of its gCC Fund I Up to 50 companies will be targeted by the fund, which will invest in both stocks and tokens Venture capital firm gumi Cryptos Capital (gCC) announced on Wednesday that it has launched a $110 million fund focused on the industry's early-stage blockchain startups. The company's second fund, gCC Fund II, seeks to build on the success of its original $21 million fund (gCC Fund I) by investing in startups building the company's infrastructure, development tools, games, metaverse, DAOs, guilds and Web3 apps. Up to 50 global...
Gumi Cryptos Capital launches $110 million fund for blockchain startups
- Die Risikokapitalgesellschaft hofft, an den Erfolg ihres gCC Fund I anzuknüpfen
- Bis zu 50 Unternehmen werden von dem Fonds ins Visier genommen, der sowohl in Aktien als auch in Token investieren wird
Venture capital firm gumi Cryptos Capital (gCC) announced on Wednesday that it has launched a $110 million fund focused on the industry's early-stage blockchain startups.
The company's second fund, gCC Fund II, seeks to build on the success of its original $21 million fund (gCC Fund I) by investing in startups building the company's infrastructure, development tools, games, metaverse, DAOs, guilds and Web3 apps.
Up to 50 global blockchain startups will be targeted by the company's second fund, which is expected to invest between $500,000 and $5 million per startup through initial and follow-on investments. The fund will invest in both stocks and tokens.
The VC said its gCC Fund I, which supports early-stage seed capital, grew from $21 million to a whopping $516 million in assets and achieved a return on investment that exceeded 24 times its original investment, according to a statement.
Fund II targets “exceptional” developers and projects at all levels during the earliest phase of a company’s lifecycle and is “chain agnostic,” gCC said. Blockchain agnostic refers to a project that provides solutions built or powered by the various underlying blockchains in the industry.
Hironao Kunimitsu, Rui Zhang and Miko Matsumura, the three partners from gCC's original fund, will lead gumi's second fund. All three have founded and exited companies through mergers and acquisitions or initial public offerings, the statement said.
“The existing institutions and infrastructure, including social infrastructure, governance, financial services and Big Tech, are demonstrably failing us,” said Miko Matsumura, managing partner of gCC. “Because the path forward is unknown, there is a strong appetite for experimentation.”
Matsumura added that tokens represent “monetary experiments,” while Web3, DAO (decentralized autonomous organization), and guilds represent “governance experiments.”
The company has invested in early-stage companies that have experienced explosive growth in recent years, including OpenSea, Yield Guild Gaming, Celsius Network and 1Inch Network.
. .
The post Gumi Cryptos Capital launches $110 million fund for blockchain startups is not financial advice.