Singapore venture capital firm Saison Capital has allocated $100 million for venture investments, increasing its focus on Web3 investments

2023-10-04 16:43:17

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ChainCatcher news, according to Nikkei Asia citing informed sources, Singapore's Credit Saison's venture capital firm Saison Capital has allocated $100 million for venture investments in the Web2 and Web3 sectors, including continued investments in the blockchain and cryptocurrency markets.

Saison Capital's head Qin En Looi stated, "We are expanding the mandate of our parent fund, seeking to shift our fund portfolio more from Web2 to Web3, not only in early-stage projects but also investing in more new cryptocurrency-focused funds."

According to RootData data, Saison Capital's portfolio includes 12 blockchain projects such as the RWA credit protocol Helix, the decentralized stablecoin protocol Thala, and the collaborative entertainment IP Mythic Protocol.

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