The cryptocurrency investment fund SevenX Ventures Phase III announced the completion of its first closing with 80 million USD

2022-09-14 17:40:37

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Chain Catcher news, Asian emerging crypto investment fund SevenX Ventures announced the completion of the first closing of Fund III at 80 million USD.

It is reported that SevenX Ventures Fund III has a total scale of 100 million USD and will fully close fundraising by the end of October. The funds for this round mainly come from the continued follow-on investments of LPs from the first and second funds, as well as family offices of leading internet entrepreneurs in Asia.

SevenX Ventures Fund III will allocate 60% of its funds to invest in middleware and infrastructure protocols focused on the data layer, and 40% of its funds to invest in decentralized applications centered around Asian application developers, covering new business model explorations in gaming, finance, content, and social networking. (Source link)

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