Taiwan-Based Comma3 Ventures Raises $20M to Fund Web3 Early-Stage Startups

This is the first close of a $45 million fundraising targeting opportunities in blockchain infrastructure, zk-rollups and dApps.
Image source: comma3.co

Quick take:

  • Comma3 Ventures announced the first close of its $45 million fundraising.
  • The company said on Friday it had raised $20 million from investors in Taiwan and Singapore.
  • Comma3 will use the funds to invest in early-stage blockchain infrastructure including L1 and L2, cross-chain, ZK, and dApps.

Comma3 Ventures has announced the first close of its $45 million fundraising. The Taiwan-based venture capital firm on Friday said it raised $20 million from leading institutional investors family offices, well-known executives and high-net-worth individuals in Taiwan and Singapore.

According to a statement on the company’s website describing its investment strategy, Comma3 targets innovative web3 entrepreneurs. 

The company said in the press release on Friday that the funds raised will be used to invest in early-stage blockchain infrastructure projects including those focusing on layer1 and layer2 blockchains, zero-knowledge rollups, cross-chain solutions, and decentralised apps (dApps).

Comma3 is comprised of three general partners, Nicole Liu, Ivan Li, and Denny Yang. Li and Yang co-founded another web3 venture capital firm that invests in projects focusing on the migration from web2 to web3, while Liu was an investment manager at Singapore-based Jubilee Capital Management.

The three GPs have previously invested in web3 projects including Zilliqa, Polygon, Klaytn, Thetan Arena, Highstreet, Tranchess and Cetus.

Projects that have the potential to bring traffic to Web3, such as DeFi, GameFi, and creator economies will be prioritised in the new fund. The projects can expect to receive cheques in the region of $250,000 to $1 million, with the total $45 million fund targeting 80-100 projects.

Commenting on the fundraising, Nicole Liu, General Partner at Comma3 said: “We regard ourselves as an early-stage investor, so team background and previous experience are very important for us. And on the other hand, we are looking for entrepreneurs who really know what blockchain and Web3 are and how to rebuild their businesses empowered by decentralisation technology and token economics. We are dedicating ourselves to investing in and supporting early-stage blockchain infrastructure such as L1&L2, cross-chain, and ZK, as well as DAPPs with the potential to bring traffic to Web3, such as DeFi, GameFi, and creator economies.”


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