Rockaway Blockchain Fund rebrands to RockawayX
Now with dedicated teams across venture investing, engineering and liquidity provision, RockawayX showcases its impact in Web3: Founders MadeX
LONDON, 4 November 2022 /PRNewswire/ — Rockaway Blockchain Fund, a venture capital firm backing leading Web3 entrepreneurs, has announced its rebrand to RockawayX. The change to RockawayX comes after the firm has expanded the number of employees to more than 30 technologists, researchers and engineers across three divisions – venture, engineering and liquidity – with a total asset under management of approx. 500 million dollars.
The new brand captures the firm’s evolution beyond venture capital, as the team continues to contribute to the decentralization of blockchains by operating independent infrastructure, developing products and providing additional liquidity for projects to grow. At the heart of the new RockawayX identity is Founders madeX (Founders Made Exponential), an ethos that reflects the exponential growth achieved by great founders, when supported by a diverse and experienced team that helps them ship products faster.
Viktor FischerManaging Partner at RockawayX, commented: “We’re looking for early-stage startups that often need technical help, so we’ve assembled a team of engineers, researchers and developers to help accelerate go-to-market strategies. We understand the isolation founders often feel, and we know that every exponential function begins with a 1. RockawayX is here to be the eXtra founder in your business through a comprehensive value proposition.”
RockawayX (formerly Rockaway Blockchain Fund) was launched in 2018 and has invested in 38 early stage projects across Solana, Cosmos and Ethereum ecosystems, and 27 of the Web3 industry’s most notable funds. More than 80 percent of the firm’s first fund, the Rockaway Blockchain Fund l, has now been distributed through direct equity, token and finance investments. RockawayX has also launched a market-neutral, fully regulated credit fund that provides liquidity to market makers, exchanges and decentralized finance (DeFi) protocols, and helps projects start up working capital or total value locked (TVL). In addition, the firm established an engineering division, with teams behind institutional stake operations, including infrastructure for Axelar and Solana, and RockawayX Labs: an internal team of engineers dedicated to developing products on supported blockchains such as Observatory.
Dusan KovacicChief Investment Officer of RockawayX, concluded: “As a firm, we believe in contributing more to the ecosystem than just raising capital, and look for opportunities to equip great founders with additional engineering, liquidity, community building and research resources to build and ship exceptional products.”
About RockawayX
RockawayX (formerly Rockaway Blockchain Fund) is a venture capital firm that supports leading Web3 entrepreneurs. In addition to venture investments, RockawayX focuses on long-term value creation by providing liquidity and technical resources to accelerate go-to-market and achieve exponential growth faster. To date, RockawayX has invested in 27 funds and 38 projects across Solana, Cosmos and Ethereum ecosystems. For more information about RockawayX, please visit rockawayx.com.
SOURCE RockawayX
