Skyland Ventures Raises $38 Million in Web3 Fundraising Round

04/14/2023 05:18 • Blockchain Buzz • 145 views

On April 14th, Japanese venture capital firm Skyland Ventures announced that its Web3 fund, called “Skyland Ventures No.4 Fund,” had completed a total fundraising of 5 billion yen (approximately $38 million), with SBI Group participating as a new investor.

Skyland Ventures’ Web3 fund completed approximately $38 million fundraising, with SBI Group participating

Japanese venture capital firm Skyland Ventures recently announced that its Web3 fund has completed a successful fundraising round, with SBI Group participating as a new investor. The $38 million round is a significant milestone for the crypto industry and reflects the growing interest in Web3 applications.

Introduction

Web3 is the next generation of the internet, which is built on the principles of decentralization, transparency, and community-driven decision-making. The rise of Web3 has sparked a wave of innovation in the blockchain and cryptocurrency space, which has attracted the attention of venture capital firms like Skyland Ventures.

About Skyland Ventures

Skyland Ventures is a Japanese venture capital firm that specializes in investing in emerging technologies, including blockchain, artificial intelligence, and IoT. The firm was founded in 2018 by a group of seasoned entrepreneurs and investors who saw the potential of blockchain to transform various industries.

Skyland Ventures No.4 Fund

The Skyland Ventures No.4 Fund is a dedicated fund for Web3 investments, which was launched in 2020. The fund focuses on investing in projects that are building the infrastructure, tools, and applications that will power the Web3 ecosystem.

SBI Group Joins the Fundraising Round

SBI Group is a leading financial services group in Japan that has been actively investing in the blockchain and cryptocurrency space. The group has been a strong advocate of Web3, and its participation in the fundraising round is a testament to the potential of the Web3 ecosystem.

Impact of the Fundraising Round

The $38 million fundraising round is a significant milestone for both Skyland Ventures and the Web3 ecosystem. The fund will enable Skyland Ventures to invest in more projects that are building the infrastructure and tools for Web3 applications.

Conclusion

The Web3 ecosystem is rapidly evolving, and the $38 million fundraising round is a clear indication of the growing interest and investment opportunities in the space. Skyland Ventures is well-positioned to take advantage of these opportunities, and we can expect to see more innovative projects emerge from the Web3 ecosystem in the near future.

FAQs

What is Web3?

Web3 is the next generation of the internet, which is built on the principles of decentralization, transparency, and community-driven decision-making.

What is Skyland Ventures?

Skyland Ventures is a Japanese venture capital firm that specializes in investing in emerging technologies, including blockchain, artificial intelligence, and IoT.

Who participated in the fundraising round?

SBI Group participated in the fundraising round as a new investor.

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