The Dutch crypto investment firm Maven 11 Capital closed its second venture fund at $120 million. Venture Fund II is focused on decentralized finance (DeFi) and Web 3.0.
In a press release, the firm noted that the closing amount “demonstrates growing appetite of the expanding investor community to include crypto assets in their portfolios.”
“Investors clearly understand that, beyond participation through financing, they are also becoming active members of these communities and ecosystems. Obviously, this is a space that can no longer be ignored,” said Maven 11 Capital partner Jost van der Plas.
The firm underlined that Venture Fund II attracted a diverse mix of investors. Among them are wealthy individuals with experience in finance, crypto entrepreneurs, family offices, and institutional investors.
Maven 11 Capital has been venture investing since 2017. Among the firms backed by Venture Fund I are Celestia, Qredo, Nym Technologies and Spectral Finance.
Venture Fund II has already made its first investments, notably in Merit Circle, Maple Finance, Anoma and Zapper.
“Maven 11 Capital offers startups more than just funding. The entire fund team actively supports portfolio companies to accelerate their development,” the statement said.
Earlier in November, Circle — the main operator of the USDC stablecoin — announced the launch of a crypto-startup early-stage investment fund.
The Algorand-focused venture firm Borderless Capital said that the size of its Borderless ALGO Fund II will be $500 million.
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