Blockchain Founders Capital announces first close of its €15 million micro-fund
Blockchain Founders Capital announced the first close of its €15 million micro venture capital fund focused on early stage investments in the web3 space. The fund will invest in around thirty companies with compelling Web3 use cases globally, with a focus on Europe and the US.
Frankfurt am Main, Germany, April 12, 2023 (GLOBE NEWSWIRE) — Blockchain Founders Capital today announced the first close of its €15 million micro venture capital fund focused on early stage investments in the web3 space.
The fund will invest in over thirty companies with compelling Web3 use cases globally, with an initial focus on Europe and the US.
The scope will not focus on a specific industry, but on blockchain technology use cases that have the potential to change the dynamics of their sectors, such as the use of NFTs in the domain of digital property rights.
The first close attracted particular interest from private investors, among them successful founders and experienced venture capital investors who want to support new micro-fund managers in the fast-growing technological area of blockchain applications.
“We are deeply grateful for the trust our early investors have shown us and want to express our heartfelt gratitude for their support,” says Wolfgang Männel, Managing Partner at Blockchain Founders Capital.
Blockchain Founders Capital has already made six investments, among them The Last Gameboard, The Mirror, AdHash and Proof, together with renowned international technology investors.
“When people hear Web3 or Crypto, most people immediately think of Bitcoin,” says Wolfgang Männel. “But our focus is on solving real-world problems 10 times better, faster or cheaper using blockchain technology.”
“Our goal is simple: to identify and invest in the most promising Web3 startups and projects and to work closely with these companies to help them succeed. It will be crucial to make the transition from Web2 to Web3 as easy as possible for users, creators and aggregators.”
The team behind Blockchain Founders Capital, including Ben Horvath and Sagar Barvaliya, has a strong track record of identifying and supporting early-stage web3 ventures, and the launch of this new fund represents a significant milestone in the firm’s mission to support the growth of the web3 ecosystem .
About Blockchain Founders Capital
Blockchain Founders Capital is a venture capital micro-fund that invests in early-stage Web3 companies. We believe that blockchain technology will eventually be widely adopted by companies, similar to how the Internet is now used in all industries.
For more information about the fund, please visit the website of Blockchain Founders Capital or contact Wolfgang Männel ([email protected]).
CONTACT: Media Contact Alnura Belyalova Director of PR, Luna PR [email protected]
