Quick take:
- Blockchain Founders Fund has received backing from Octava.
- The Singapore-based family office has joined a growing list of investors backing BFF’s new fund.
- The web3 investment company recently received a strategic investment from Polygon Ventures.
Blockchain Founders Fund has announced a strategic investment from Octava Digital Assets. The Singapore-based investment company joins a growing list of venture capital firms backing BFF’s new fund.
The announcement comes hot on the heels of BFF’s recent backing from Polygon Ventures. Earlier this year, BFF launched its second fund in January, raising $75 million from leading web3 VCs including Shima Capital, NEO Global Capital (NGC), Tsangs Group, Baksh Capital, NLS Ventures, TechMeetsTrader, Cadenza Capital and GSR.
Blockchain Founders Fund invests in early-stage Web3 startups globally. The financing will be used to invest in similar companies focused on web3 infrastructure and decentralised applications.
The fund has already made strategic investments in the popular NFT game Splinterlands, Dogami, and Krayon, as well as, Altered State Machine (ASM) and Magna.
Blockchain Founders Fund boasts an experienced team of more than 350 experts ranging from financial advisors to marketing and legal experts. Most of them have a distinguished track record of building and scaling high-growth companies.
Commenting on the investment, Gene Yan Ooi, GP of Octava Digital Assets said: “At Octava, we find it incredibly important to be part of a future that supports Web3 innovation. We believe that Blockchain Founders Fund’s focus on investing in the best early-stage companies will help propel the most promising entrepreneurs and startup companies building the future of blockchain technology to new heights.”
On the other hand, Tobias Bauer, Principal of Blockchain Founders Fund commented: “We are incredibly excited to bring Octava on board as an LP. Being a globally renowned family office with an incredibly strong presence in Asia, we are confident this collaboration will drive new investment opportunities for the fund at an accelerated rate. We look forward to collaborating with Octava, who share our vision in building a sustainable future for Web3.”
Octava’s digital assets unit was created to focus on emerging opportunities in the web3 space. The family office has established itself as one of the leading investors in real estate investment, property development, financial technology and lifestyle concepts.
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