Singapore VC Blockchain Founders Raises $75M for New Fund

According to a press statement issued Monday, Blockchain Founders Fund secured $75 million for its BFF II fund from various investors, including NEO Global Capital, AppWorks, and Sebastien Borget, chief operating officer of The Sandbox, a video game and metaverse software.

The fund has already made investments in a number of firms, including FXDX, a decentralized derivatives exchange, and Breshna, a video game technology startup.

Blockchain Founders Fund, established in Singapore, was an early investor in blockchain, cryptocurrency, Web 3 and metaverse firms.

Aly Madhavji, a Managing Partner of Blockchain Founders Fund, stated, “We’re really delighted by the excitement and support from major industry experts to fund entrepreneurs who will define the Web3 ecosystem.”