- Blockchain Founders Fund’s BFF Fund II is a $75 million fund for Web3 startups.
- Backers of the fund embrace Polygon, Ripple and NEO Global Capital (NGC).
- BFF launched its BFF Fund in 2018 and has invested in over 100 tasks, together with Splinterlands.
Blockchain Founders Fund (BFF), a Singapore-based early stage Web3 enterprise capital fund, has introduced the final close of its second fund.
While BFF introduced the principal close of its Fund II in early 2022, the most recent announcement is a final close that included the participation of main crypto-focused buyers, establishments and household workplaces.
Per the corporate, which revealed the event by way of a press release, contributors within the $75 million fund embrace Polygon, Ripple, and NEO Global Capital (NGC). As highlighted final September, Polygon invested in BFF as half of its purpose in the direction of world blockchain adoption.
Others had been Appworks, The Sandbox COO Sebastien Borget and Metavest Capital.
BFF Fund invests in early stage Web3 startups
The Singapore-based fund will use the financing to assist the pre-seed and seed rounds of prime startups throughout Web3 and blockchain.
According to BFF managing companion Aly Madhavji, the fund has already invested in tasks which can be at the moment reshaping the Web3 ecosystem.
“As we close this fund, we remain committed to supporting the next generation of visionary entrepreneurs who are shaping the future of Web3 and blockchain technologies. Together, we can build a more decentralized, transparent, and equitable world,” he added.
The BFF Fund fund launched in 2018, and has to this point seen investments in additional than 100 startups, half of these coming prior to now 12 months regardless of the crypto winter.
Startups which have benefited from BFF’s assist embrace multiplayer collectible card recreation Splinterlands, synthetic intelligence (AI) metaverse protocol Altered State Machine, and token administration platform Magna.
As reported earlier this 12 months, BFF lead a $500,000 seed spherical for blockchain platform Koinos.
