Blockchain venture capital firm invests $110M in startups

gumi Cryptos Capital (gCC), the blockchain-focused enterprise capital agency, has introduced the completion of elevating its second blockchain-focused early-stage fund on the power of the efficiency of its preliminary $21 million USD gCC Fund I that backed seed stage founders.

Blockchain enterprise capital agency gumi Cryptos Capital raises $110M to put money into blockchain startups

With 36 portfolio corporations, gCC Fund I has already backed lots of the strongest entrepreneurs within the house together with main the strategic seed spherical of NFT Marketplace OpenSea and putting a seed funding into Yield Guild Gaming. gCC Fund I has many robust early-stage investments in its portfolio together with unicorns like Celsius Community, Qredo, Agoric, Astar, 1inch, VEGA protocol, and extra.

Rui Zhang, the Managing Companion, stated: “Consider us as blockchain’s skilled, high-conviction, excessive belief, hands-on value-adding, very long time choice, unicorn to megacorn, builder-focused all-in enterprise society.”

gCC anticipates the rise of the Experimental Age

“We dwell within the Experimental Age. The present establishments and infrastructure together with social infrastructure, governance, monetary providers, and massive tech are demonstrably failing us. As a result of the way in which ahead is unknown, there is a robust urge for food for experimentation. Tokens symbolize financial experimentation powering Web3, DAOs and guilds are governance experiments. Avatars symbolize “persona experiments” whether or not backed by people, bots, or teams. NFTs are experimental digital property. The Metaverse is a set of experimental realities,” stated Miko Matsumura, gCC Managing Companion.

Fund II will goal distinctive builders, tasks, DAOs, guilds, apps, video games, and protocols at any layer on the earliest stage and is chain-agnostic. Fund II will put money into each fairness and tokens. gCC expects to take a position between $500,000 to $5 million per mission by each preliminary and follow-on investments.

Rui Zhang, added: “Our strategy for this fund might be ‘pondering forward’. We develop superior pondering throughout the blockchain house. We’re in search of distinctive “gumicorn” founders in superior subsectors which have the potential to be sector leaders and disrupt international industries.”

World-class crew

gumi Cryptos Capital Fund II might be led by a world-class crew of skilled investor operators: Managing Companions, Hironao Kunimitsu, Rui Zhang, and Miko Matsumura. All three companions have based and exited corporations through M&A or IPO.

Portfolio management groups may even have entry to gumi Crypto Capital’s distinctive international community of portfolio firm founders, authorized and monetary advisors, token economic system designers, token liquidity and market-making companions, and a world investor base. gCC has a singular geographic footprint straddling headquarters in each San Francisco and Tokyo.

Hironao Kunimitsu, Managing Companion at gCC stated: “We have now distinctive entry to each Silicon Valley startup tradition and capital markets in addition to entry to the Japan market. Japan can be residence to distinctive mental property property, particularly within the fast-growing gaming sector. With our distinctive geographic benefit, we may help formidable tasks develop quicker.”

Constructing on momentum

This fund follows gCC’s launch of gCC’s record-breaking efficiency on its Fund I. gCC Fund I is above the highest 1% of all Enterprise Capital Funds by efficiency in response to information from Angel Record. As well as, corporations within the gCC portfolio have themselves raised greater than $1bn since January 2020 to gas development.