New Emerging Markets Fund Targets Blockchain, DeFi Startups
The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.
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The Los Angeles-based venture fund plans to incubate startups building on the Tezos blockchain. Blockchain venture studio Draper Gorem Holm has announced plans to incubate Tezos-based startups as part of its $25 million venture fund, highlighting its conviction in the smart contract platform.The venture fund, called Fund 1, was launched in October 2020 as a way to incubate emerging blockchain companies. Fund 1 is set up as a traditional venture capital fund focusing on emerging fintech and blockchain startups. The inclusion of Tezos-based projects into the fund is hardly surprising given....
South Korea’s Hashed has established a new fund to finance emerging blockchain startups Hashed, one of South Korea’s largest crypto asset fund managers, has raised $120 million to fund new blockchain ventures in the so-called “protocol economy.”The funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. The company has yet to disclose its backers, though a spokesman indicated that some of South Korea’s largest IT companies are involved. In the announcement, the company said:“Hashed plans to invest heavily in domestic and....
With the rapid growth of Blockchain startups, new and exciting projects are constantly emerging, further growing the space. With so many projects launching, however, some will inevitably and unfortunately slip through the cracks. TDeFi is an incubator and advisor for Blockchain startups that provides access to world-class mentors, ecosystem support, marketing and community building strategies, […]
China’s leading blockchain network to fund startups willing to develop on it. The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of China Merchants Bank.The $50 million fund named “InNervation” will be used to make early investments in startups that are building blockchain-based user-centric products. Decentralized finance (DeFi) protocols, dApps, and nonfungible token (NFT) marketplaces will be a particular focus of the investments.Nervos is a Chinese blockchain project based on a Layer 1, Proof of Work, public....
Kleiner Perkins Caufield & Byers, a famous venture capitalist firm known for supporting many companies in Silicon Valley, has started to venture into bitcoin startups. It has started a new seed fund called Edge Fund which aims to provide investments of $250,000 to help selected startups with development, programming and recruiting. It has also added a bitcoin startup founder to its staff to help identify potential investment areas in emerging technologies including virtual reality, digital health and the blockchain. Roneil Rumburg, founder of the bitcoin and dogecoin transaction service....