White Star Capital, a self-described “global multi-stage technology venture capital investment platform,” has revealed the close of its brand new $30M Digital Asset Fund, according to a press release from the group.
This new fund will “invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications,” the release notes.
The Fund’s overall goal is the following:
“The Digital Asset Fund will deploy between $500,000 and $2.0 million in initial investments into 15-20 companies with a core focus in Europe and North America. The team will take a research-driven approach to maximize returns through early access in both equity and tokens. To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts with an aspiration to bridge the gap between Decentralized and Legacy Finance.”
Speaking on the matter is Sep Alavi, the head of the first specialty fund in New York, has said:
“Digital Assets are gaining adoption, and venture valuations and token round distributions have rationalized, which is an attractive entry point. Incumbents are rapidly entering the space and embracing the next wave of innovation. At WSC Digital Asset, we are looking to partner with the next generation of startups building global networks and frictionless business models. We are actively interested in investing in crypto protocols, infrastructure and middleware, privacy, financial, gaming, and social use cases.”
from InsideBitcoins.com https://insidebitcoins.com/news/white-star-capital-closes-30m-digital-asset-fund
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