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Blockchain Founders Fund completes second phase of fundraising

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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…

Blockchain Founders Fund completes second phase of fundraising

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

Interpretation of the news:


The Blockchain Founders Fund (BFF) has announced the successful completion of its second phase of fundraising with significant participation from major investors, family offices, and industry institutions. The fund has raised an undisclosed amount of money from investors such as Sebastien Borget, GSR, LD Capital, Metavist Capital, and several others who are crucial players in the cryptocurrency industry. Additionally, chief operating officers of prominent blockchain and web3 companies like Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, and The Sandbox have also invested in the fund.

BFF has targeted pre-seed and seed-stage blockchain and web3 start-ups that show significant potential in driving growth. This approach will benefit the startups, as they will receive the necessary support to scale their operations and business ventures. Starting a blockchain company or web3 company requires enormous capital investment, which may pose a challenge to startups. Hence, BFF will help ease the financial burden on these budding enterprises.

The participation of significant investors and industry institutions in the fund indicates the level of confidence they have in the blockchain and web3 industry. The rise of these emerging technologies has reshaped the traditional ways of conducting business operations, and there is a growing demand for blockchain-based or web3-based solutions. This fund will serve as a catalyst to propel the development of blockchain and web3 projects to the next level.

BFF’s decision to focus on pre-seed and seed-stage start-ups is a strategic move in the right direction. These start-ups have great potential to grow and scale their operations, thereby creating job opportunities, fostering innovation, and driving economic growth. By investing in these start-ups, BFF is backing the future of the blockchain and web3 industry.

In conclusion, the announcement of Blockchain Founder Fund’s second phase of fundraising marks a significant milestone in the blockchain and web3 industry. The fund has attracted major players in the industry, indicating growing confidence in the potential of these emerging technologies. The fund’s focus on supporting pre-seed and seed-stage start-ups will play a significant role in driving growth for the sector, creating job opportunities, and accelerating innovation.

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