Singapore’s Blockchain Founders Fund broadcasts last shut of its $75M fund

• Blockchain Founders Fund’s BFF Fund II is a $75 million fund for Web3 startups.
• Backers of the fund embrace Polygon, Ripple and NEO International Capital (NGC).
• BFF launched its BFF Fund in 2018 and has invested in over 100 initiatives, together with Splinterlands.

Blockchain Founders Fund (BFF), a Singapore-based early stage Web3 enterprise capital fund, has introduced the ultimate shut of its second fund.

Whereas BFF introduced the principal shut of its Fund II in early 2022, the most recent announcement is a last shut that included the participation of main crypto-focused buyers, establishments and household workplaces.

Per the corporate, which revealed the event through a press launch, members within the $75 million fund embrace Polygon, Ripple, and NEO International Capital (NGC). As highlighted final September, Polygon invested in BFF as a part of its aim 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 help the pre-seed and seed rounds of prime startups throughout Web3 and blockchain.

In line with BFF managing companion Aly Madhavji, the fund has already invested in initiatives which are at present reshaping the Web3 ecosystem.

“As we shut this fund, we stay dedicated to supporting the subsequent era of visionary entrepreneurs who’re shaping the way forward for Web3 and blockchain applied sciences. Collectively, we are able to construct a extra decentralized, clear, 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 those coming prior to now 12 months regardless of the crypto winter. 

Startups which have benefited from BFF’s help 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.