New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups

Crypto Valley Venture Capital has announced the launch of an early-stage fund for African blockchain startups. Already, the venture capital firm has invested in 12 startups whose use cases go beyond crypto. Uses Cases Beyond Crypto The Switzerland-based venture capital (VC) firm, Crypto Valley Venture Capital (CVVC), has launched an African blockchain early-stage fund. The VC has partnered with the Swiss State Secretariat for Economic Affairs (SECO) in this endeavor, a statement released by CVVC has said. In the same statement, the VC said the objective of the accelerator is to fund some....

In a nod to the ever-expanding Fintech bandwagon, Italy’s UniCredit is the latest bank to join in, by pledging a €200 million fund that will aid mid-stage startups and established Fintech businesses. The fund is being set up in partnership with London-based venture and advisory firm Anthemis Group. A new joint investment venture and partnership between prominent European bank UniCredit and Fintech venture and advisory firm Anthemis Group sees the setting up of a new fund. Dubbed UniCredit EVO, the fund will seek to back mid-stage startups and follow-on investments in more mature and....

On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups The blockchain-focused venture capital firm Gumi Cryptos Capital (GCC) has announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance....

Prominent venture capitalist and prolific tech and bitcoin industry investor Tim Draper is making a return to the Indian market for early stage investing in startups in one of the world’s fastest growing economies. The investment into India’s blossoming technology sector, despite common consensus of it being overvalued to the point of being a ‘tech bubble’, will occur through Mumbai-based Blume Ventures, an early-stage venture firm that now joins Draper’s DVN (Draper Venture Network) as a member, according to TechCrunch. Having existed since the early Silicon Valley boom era during the....

Kleiner Perkins Caufield and Byers (KPCB), a Silicon Valley venture capital firm best known for its investments in Google, AOL, Twitter, Uber and Amazon, has introduced a fund called the Edge Seed Fund, which is set to focus on helping early stage Bitcoin- and blockchain-based startups. The Edge fund, led by Kleiner Perkins partners Mike Abbott and Anjney Midha, plans to offer investments of $250,000 to support selected startups in developing and programming platforms, products and services. The $4 million fund will be operated by former Google product manager Ruby Lee, and the founder of....