Blockchain Founders Fund (BFF) completes second phase of fund raising.
It is reported that Blockchain Founders Fund (BFF) announced the completion of its second phase of fund raising, with the participation of major investors, fam…
It is reported that Blockchain Founders Fund (BFF) announced the completion of its second phase of fund raising, with the participation of major investors, family offices and industry institutions, including Sebastien Borget, GSR, LD Capital, Metavist Capital, etc., the chief operating officers of Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks and The Sandbox. BFF’s Fund II aims to support pre-seed and seed stage Web3 and blockchain start-ups with high growth potential.
Blockchain Founders Fund announced that its Fund II had completed the US $75 million fundraising
Interpret the above information:
The Blockchain Founders Fund (BFF) has successfully concluded its second phase of fundraising, which saw the participation of significant investors, family offices, and industry institutions. Notable names include Sebastien Borget, GSR, LD Capital, Metavist Capital, among others. Chief operating officers of top firms like Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, and The Sandbox reportedly joined the investment round as well.
BFF’s Fund II intends to support pre-seed and seed stage Web3 and blockchain start-ups with high growth potential, providing a boost to the blockchain community. With the raised funds, it aims to support early-stage start-ups in the Web3 ecosystem, which includes decentralized finance (DeFi), non-fungible tokens (NFTs), and more.
This fundraising round signifies an increasing commitment to the blockchain and cryptocurrency industry by institutional investors. There has been a rising demand for new blockchain-based products and services, especially in the decentralized finance (DeFi) space. Investors are seeking out the most promising blockchain start-ups almost as soon as these start-ups emerge, recognizing the potential for exponential growth that comes with investing in the blockchain.
With the support of investors and industry institutions, BFF is in a better position to meet its goal of fostering innovation and advancement in the blockchain community. BFF’s Fund II can offer indispensable funding support to start-ups in the early stages of Web3 and blockchain development, enabling them to bring innovative solutions and services to market.
In conclusion, the completion of the second phase of fund raising by BFF is a significant development in the blockchain industry and a testament to the increasing interest in blockchain start-ups by investors. Keywords like blockchain, fundraising, and start-ups are currently in high demand, signaling a growing awareness of blockchain and cryptocurrency technologies’ potential benefits. With the aid of institutional investors and industry institutions, BFF’s Fund II is poised to help early-stage blockchain start-ups bring their innovative ideas to fruition, helping further advance the field.
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