White Star Capital introduced its second Digital Asset Fund (DAF II). The fund will deal with web3 firms and cryptocurrency networks at their early levels. A complete of $120 million are anticipated to be invested.
Gaming firms and DeFi would be the focus of DAF II, supported by institutional traders akin to anchor LP and Ubisoft. The funding group of the fund will look to associate with founders throughout Seed, token rounds and Sequence A.
The brand new fund has an identical idea to the not too long ago launched Investcorp Fund.
The primary fund that was launched in 2020 has invested in 20 firms. Among the many firms that had been invested within the first fund are Ledn, Paraswap, Rally, Exlusible, ALEX and Multis.
DAF II will make investments between $1 million to $7 million in 20 – 25 firms in the USA, Europe and Asia. Sep Alavi shall be managing the fund with the assist of Eddie Lee, Luke Xiao, Florent Jouanneau, Sanjay Zimmermann and Dimitri Nitchoun.
Officers Statements
Dr. Chiente Hsu, CEO of ALEX mentioned, “White Star Capital has a observe document of backing a lot of right this moment’s high up-and-coming Defi start-ups and their expertise has been very useful as we develop our firm.”
“The group is passionate, pushed and understands the steps entrepreneurs must take to steer tomorrow’s decentralized world.”
Adams Reeds, co-founder and CEO of Ledn mentioned, “As we speak’s builders want the backing of traders who know what it takes to construct tomorrow’s subsequent nice digital asset firm.
“White Star has established themselves as a high agency to assist visionary founders scale. They’ve the group and the expertise to be native champions whereas reaching world markets.”
Sep Alavi mentioned the next on the brand new fund: “In lower than two years, we have backed most of the world’s most profitable and promising crypto firms as they had been simply beginning out, which is a testomony to our technique, world community, and distinctive area experience.
“By way of our new fund, we’re wanting ahead to persevering with to again a brand new technology of visionary founders constructing tomorrow’s biggest Web3, DeFi, and Gaming firms as they unlock the brand new web of worth for billions of individuals world wide.”
White Star Capital introduced its second Digital Asset Fund (DAF II). The fund will deal with web3 firms and cryptocurrency networks at their early levels. A complete of $120 million are anticipated to be invested.
Gaming firms and DeFi would be the focus of DAF II, supported by institutional traders akin to anchor LP and Ubisoft. The funding group of the fund will look to associate with founders throughout Seed, token rounds and Sequence A.
The brand new fund has an identical idea to the not too long ago launched Investcorp Fund.
The primary fund that was launched in 2020 has invested in 20 firms. Among the many firms that had been invested within the first fund are Ledn, Paraswap, Rally, Exlusible, ALEX and Multis.
DAF II will make investments between $1 million to $7 million in 20 – 25 firms in the USA, Europe and Asia. Sep Alavi shall be managing the fund with the assist of Eddie Lee, Luke Xiao, Florent Jouanneau, Sanjay Zimmermann and Dimitri Nitchoun.
Officers Statements
Dr. Chiente Hsu, CEO of ALEX mentioned, “White Star Capital has a observe document of backing a lot of right this moment’s high up-and-coming Defi start-ups and their expertise has been very useful as we develop our firm.”
“The group is passionate, pushed and understands the steps entrepreneurs must take to steer tomorrow’s decentralized world.”
Adams Reeds, co-founder and CEO of Ledn mentioned, “As we speak’s builders want the backing of traders who know what it takes to construct tomorrow’s subsequent nice digital asset firm.
“White Star has established themselves as a high agency to assist visionary founders scale. They’ve the group and the expertise to be native champions whereas reaching world markets.”
Sep Alavi mentioned the next on the brand new fund: “In lower than two years, we have backed most of the world’s most profitable and promising crypto firms as they had been simply beginning out, which is a testomony to our technique, world community, and distinctive area experience.
“By way of our new fund, we’re wanting ahead to persevering with to again a brand new technology of visionary founders constructing tomorrow’s biggest Web3, DeFi, and Gaming firms as they unlock the brand new web of worth for billions of individuals world wide.”