Maven 11 Capital lift $120M in secondary investment spherical
Digital asset funding company Maven 11 Capital has introduced a $120 million investment spherical for its personal funding status quo, Venture Fund II, in a transfer that can additional extend its monetary footprint throughout rising sectors of decentralized finance (DeFi) and Web 3.0. The investment spherical builds off a a hit inaugural lift of $40 million in June of this 12 months.
Established in May 2017, Maven 11 Capital has invested in 27 firms solely inside the DeFi and Web 3.0 area. The company was once the lead investor in personal seed rounds for information oracle carrier RedStone and metaverse stack company Odyssey in July and November 2021, respectively.
Maven 11s funding technique focuses totally on figuring out rising applied sciences. As such, the company has accumulated capital in a lot of initiatives, together with stalwart cryptocurrency property Bitcoin (BTC) and Ether (ETH), along with Aave (AAVE), Uniswap (UNI) and Yearn Finance (YFI), in addition to extra speculative positions in nascent initiatives OlympusDAO, Nym Tech, and Arweave, amongst others.
So we did a factor….
It’s most definitely not anything.
But in all seriousness, this entire group of #DeFi degens and #Web3 minded folks is tremendous stoked to proceed supporting our present and new ventures within the craziest and most enjoyable area there may be.
— Maven 11 Capital (@Maven11Capital) December 2, 2021
Maven 11’s project fund highlights a rising investor urge for food for figuring out and making an investment in rising Blockchain and Crypto performs. As Cointelegraph reported on Wednesday, former Wall Street veteran Matt Zhang introduced a $1.5 billion Crypto fund devoted to making an investment in promising Blockchain performs in addition to buying and selling in Crypto property.
This tale continues to be in construction.