BitRock Capital to Raise $100M in New Fund with the Support of GLP Pte

On March 22, Alfred Shang, CEO and co founding partner of BitRock Capital, said in an interview that with the support of logistics real estate operator GLP Pte, BitRock Capital aims to close new funds in the third quarter and intends to raise $100 million. The new fund will target software as a service and digital opportunities in China, financial technology companies in Southeast Asia, and global startups in the fields of digital asset infrastructure and Web3.

BitRock Capital’s new fund plans to raise $100 million, with investment directions including Web3 and other fields

In a recent interview on March 22, Alfred Shang, CEO and co-founding partner of BitRock Capital, shared exciting news about the company’s plans to close new funds in the third quarter with the support of logistics real estate operator GLP Pte. The new fund aims to raise $100 million and will target software as a service and digital opportunities in China, financial technology companies in Southeast Asia, and global startups in the fields of digital asset infrastructure and Web3.

Overview of BitRock Capital

Founded in 2017, BitRock Capital is a venture capital firm based in Shanghai, China, that focuses on investing in innovative blockchain, crypto, and decentralization technologies around the world. BitRock Capital has invested in various of blockchain technology companies, including BitMax, MXC, and Nestree. Today, the company manages over $100 million worth of assets and continues to grow.

Partnering with GLP Pte to Raise $100M

BitRock Capital’s new fund will be accomplished with the help of GLP Pte, a leading logistics real estate operator that focuses on providing modern logistics facilities and technology-driven solutions to its customers. The partnership aims to invest in companies that operate in regions of high population density, high growth rates, and high digital engagement to create value for shareholders through long-term investment strategies.

Targeted Investment Areas for the New Fund

Software as a Service and Digital Opportunities in China

One of the new fund’s primary targets is to invest in Software as a Service (SaaS) and digital opportunities in China. The country’s economy is rapidly growing, and the demand for digital transformation is high. Investing in SaaS and digital opportunities could provide competitive advantages for companies that have innovative business models, strategic growth plans, and robust market positions.

Financial Technology Companies in Southeast Asia

Another target for the new fund is to invest in financial technology companies in Southeast Asia. The region is rapidly growing, and the demand for digital financial services is increasing. Digital financial services have the potential to increase financial inclusion, improve customer experience, and reduce operational costs for fintech companies.

Global Startups in the Fields of Digital Asset Infrastructure and Web3

Finally, the new fund will invest in global startups in the fields of digital asset infrastructure and Web3. Digital asset infrastructure is crucial for the successful operation of blockchain and crypto-related businesses. Web3, on the other hand, represents the future of blockchain technology, which is focused on the decentralization of the internet and the creation of a more open and collaborative online ecosystem.

Conclusion

BitRock Capital’s partnership with GLP Pte to raise $100 million in new funds is an exciting development for the blockchain and crypto industry. The new fund’s focus on SaaS and digital opportunities in China, financial technology companies in Southeast Asia, and global startups in the fields of digital asset infrastructure and Web3 could create a significant impact on the industry’s growth, development, and adoption worldwide.

FAQs

1. What is BitRock Capital, and what does it do?
BitRock Capital is a venture capital firm based in Shanghai that invests in innovative blockchain, crypto, and decentralization technologies globally. The company manages over $100 million worth of assets and continues to growth.
2. Who is GLP Pte, and why is BitRock partnering with them?
GLP Pte is a logistics real estate operator that focuses on providing modern logistics facilities and technology-driven solutions to its customers. The partnership aims to invest in companies that operate in regions of high population density, high growth rates, and high digital engagement to create value for shareholders through long-term investment strategies.
3. What are the targeted investment areas for the new fund?
The new fund targets software as a service and digital opportunities in China, financial technology companies in Southeast Asia, and global startups in the fields of digital asset infrastructure and Web3.
##Keywords:
BitRock Capital, GLP Pte, Tech, Investments, Blockchain, Web3, Digital Asset Infrastructure, Fintech, China.