Quick take:
- Illuminati Capital has launched a $50 million new fund for web3 projects.
- The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more.
- The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others.
Illuminati Capital has announced a new $50 million fund to be deployed in the web3 ecosystem. The venture capital firm said the funds were raised privately by the partners, who include web3 investors, a marketing expert, and an accomplished angel investor, among others.
The VC’s founders previously invested in Justin Kan’s Fractal, web3 wallet infrastructure platform Web3Auth, and Cross the Ages NFT game, among others. The venture capital firm plans to invest in blockchain games, NFT infrastructure, DeFi and more.
According to press material shared with NFTgators, the venture capital firm is comprised of partners of diverse backgrounds, who enable it to “provide targeted advice and actively engage with founders.”
The partners individually invested a total of $30 million in different web3 projects, which grew to over $150 million, valuing the combined portfolio companies at $1 billion by the time they exited.
Illuminati Capital plans to invest in early-stage startups, which could use the wealth of experience the partners bring to the table.
“We are witnessing a remarkable growth trajectory in Web3 venture investing,” said Vickaash Agrawal, Partner at Illuminati Capital. “With a track record of 120+ successful blockchain investments in my investment portfolio, I will bring my expertise in data, infrastructure, regulation and mining.”
Besides blockchain-centred projects, the fund will also target opportunities in artificial intelligence and real-world assets, as it looks to play a pivotal role in shaping the decentralised economy of the future.
“The possibilities of decentralized technology are endless,” commented Dhaval Parikh, Partner at Illuminati Capital and blockchain investor with over five years of experience in web3. “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights.”
The partners are looking to link the real world with the digital frontier in the new age of web3. Projects that receive backing from Illuminati Capital will also receive hands-on support with listings, exchanges, business development, and public relations, among others.
Laura K. Inamedinova, Partner at Illuminati Capital and CEO of LKI Consulting commented: “By leveraging our trusted network and industry know-how, we commit to building a solid foundation for long-term success. As a marketing expert with a portfolio of 250+ Clients, I will advise projects on community building, branding, positioning, marketing strategy, and user acquisition securing early-stage growth.”
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