Blockchain Founders Capital has announced the first closing of its €15 million micro venture capital fund, focused on early-stage investments in the web3 space. The fund will invest in over thirty companies globally, with an initial focus on Europe and the United States.
The fund’s scope will not focus on a particular industry but on use cases of blockchain technology that have the potential to change the dynamics of their sectors, such as the use of NFTs in the domain of digital property rights.
The first closing attracted interest from private investors, including successful founders and experienced venture capital investors keen to back emerging micro-fund managers in the rapidly growing tech space of blockchain applications.
Blockchain Founders Capital has already made six investments, including The Last Gameboard, The Mirror, AdHash, and Proof, together with reputed international tech investors.
“We are deeply grateful for the trust our early investors have placed in us and want to express our heartfelt appreciation for their support,” says Wolfgang Männel, Managing Partner of Blockchain Founders Capital.
The team behind Blockchain Founders Capital, including Ben Horvath and Sagar Barvaliya, holds a strong track record of identifying and supporting early-stage web3 ventures, and the launch of this new fund represents a significant milestone in the firm’s mission to support the growth of the web3 ecosystem.
“When people hear Web3 or Crypto, most of them think immediately of Bitcoin,” says Wolfgang Männel. “But our focus is on solving real-life problems 10x better, faster, or cheaper using blockchain technology.”
The goal of Blockchain Founders Capital is to identify and invest in the most promising Web3 startups and projects and to work closely with these companies to help them succeed. The transition from Web2 to Web3 should be as easy as possible for users, creators, and aggregators.
Blockchain Founders Capital is a venture capital micro fund investing in early-stage Web3 companies. The firm believes that blockchain technology will eventually be widely adopted by businesses, similar to how the Internet is now used in all industries.
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