Blockchain Founders Fund announces final closing of its 75M fund

To support the next generation of Web3 innovators

SINGAPORE, 27 February 2023 /PRNewswire/ — Blockchain Founders Fund (BFF) announced the final close of its Fund II with the participation of key investors, family offices and institutions in the industry, including Polygon, Ripple, Octave, NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, and more. BFF’s Fund II aims to support Web3 startups and blockchain startups with high growth potential pre-seed and seed stage.

The firm announced its main close of BFF Fund II early last year. BFF is one of the leading venture capital funds in the industry, with a focus on supporting high-potential early stage (pre-seed and seed) startups that are redefining and streamlining the mass adoption of Web3 and blockchain technology.

Aly MadhavjiManaging Partner of Blockchain Founders Fund said: “We are honored and grateful for the support Blockchain Founders Fund has received from top institutions and industry leaders. Through our collaboration with the most innovative startups in the Web3 ecosystem, we have made significant investments that have already begun to transform industries. As we close this fund, we remain committed to supporting the next generation of visionary entrepreneurs shaping the future of Web3 and blockchain technologies. Together, we can build a more decentralized, transparent and fair world.”

Currently, BFF has invested in over 100 startups including Altered State Machine, Splinterlands, NET, Crayon and Great. Despite the bear market, BFF continues to be among the most active Web3 investors, making 50 investments in the past 12 months. The team works extremely closely with portfolio entrepreneurs through its venture program providing execution-focused support across business functions including marketing, growth hacking, tokenomics, fundraising and more to accelerate and drive success.

BFF has also built a global collective of more than 350+ executive advisors in its expert network, providing a comprehensive and exciting environment for portfolio companies to collaborate with leading investors and industry experts, including business advisors, entrepreneurs, mentors and blockchain thought leaders. . The network connects members to a wide range of resources and helps them establish meaningful relationships in the blockchain space.

Mansoor MadhavjiPartner at Blockchain Founders Fund said, “Building meaningful relationships is at the heart of what we do as a company, and we pride ourselves on creating an environment built on mutual respect, common goals and supporting each other’s success. We are thrilled to be closing our Fund II and continue our journey of investing in great entrepreneurs.”

Tobias Bauer, Partner of Blockchain Founders Fund said: “I am very happy to continue to work closely with our portfolio companies and support them with all the necessary tools to become a leader in the space. Our firm has diligently accumulated a comprehensive set of resources and tools during of the course four years to provide the best possible environment for businesses to succeed.”

The successful closing of BFF Fund II marks a milestone for the Blockchain Founders Fund. Since the fund’s launch in 2018, BFF has had the privilege of working with some of the most innovative startups in the Web3 landscape and has made significant investments. Looking ahead, the firm is eager to expand its footprint globally, further strengthening its commitment to shaping the future of Web3 and blockchain technologies.

About Blockchain Founders Fund

Blockchain Founders Fund is a leading early stage (seed and pre-seed) Web3 Venture Capital fund that invests in top-notch founders globally. Our supporters include a strategic mix of the leading firms in crypto and the traditional world of finance.

We invest in highly promising start-ups that take a go-to-market focus and a hands-on approach to creating value. BFF helps curate strategic partnerships, hire talent, accelerate growth and ensure portfolio entrepreneurs are well capitalized. Our team consists of builders and operators who have scaled many of the leading Blockchain startups and are on a mission to support all-star teams shaping the Web3 industry.

SOURCE Blockchain Founders Fund