Asia s first Web3 Accelerator as well as leading Web3 venture fund in Asia, LongHash Ventures, has actually introduced its$ 100 million LongHash Ventures Fund II.
LongHash Ventures first close brought in worldwide capitalists and market professionals consisting of Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis
Safe, MEXC, Synthetix founders Kain as well as Jordan Warwick, Qiming VC establishing companion Duane Kuang, and Astar founder Sota Watanabe, amongst others. Adhering to the brand-new fund launch, LongHash Ventures will certainly continue to take in funds up until completion of the year.
On the various other hand, LongHash Ventures accelerator arm LongHashX recently acquired unrevealed funding from a number of large fund LPs and Superscrypt, which is a Web3 investment company.
While revealing the second fund, the founding companion and also CEO of LongHash Ventures, said Emma Cui stated:
& By running both an accelerator and also an early stage fund that supplies hands-on assistance, our unique value depends on leveraging LongHashX to bootstrap the Asia community for the procedures that we bought, as well as in determining founders as well as jobs with massive possible very early, as well as using our crypto-native knowledge and also sources to help the teams achieve their potential as well as prosper. The 2nd fund will certainly enable us to sustain more creators and through succeeding rounds.&
Multi-chain Web3 facilities
The second LongHash fund will concentrate on multi-chain Web3 framework jobs that sustain DeFi, NFTs, GameFi, and the metaverse. The fund will certainly buy teams as well as projects right from the pre-seed to Series A financing.
On top of that, the fund will likewise invest in the projects that graduate from its accelerator arm LongHashX. LongHashX has actually become Asia&’s leading Web3 accelerator platform and also the best partner for protocols like Polkadot, Algorand, Filecoin to name a few. Some of the tasks that originated from the LongHashX consist of Astar, Lit Protocol, as well as Xanpool.
Far, LongHash Ventures has actually backed over 60 jobs consisting of Astar, Balancer, Gnosis Safe, Coinshift, Astar, Acala, Dodo, as well as Zapper.