Blockchain Founders Fund (BFF) has announced the final close of its $75 million Fund II, which will support high-growth potential pre-seed and seed-stage Web3 and blockchain start-ups. The fund received participation from key investors, family offices and institutions, including Ripple, Polygon, GSR, Octava, LD Capital and NEO Global Capital, among others. The fund aims to streamline mass adoption of blockchain technology and redefine the future of the Web3 ecosystem.
BFF is a leading venture capital fund in the industry with over 100 portfolio companies, including Altered State Machine, Splinterlands, GRID, Krayon and Magna. Despite the bear market, BFF continues to be one of the most active Web3 investors, with 50 investments made in the past 12 months.
BFF provides its portfolio founders with execution-focused support across business functions, including marketing, growth hacking, tokenomics, fundraising and more. It has also built a global collective of over 350 executive advisors in its Expert Network, which helps its members establish meaningful relationships in the blockchain space.
The successful close of BFF Fund II marks a milestone for the firm since its launch in 2018, and it is looking to expand its footprint globally while further solidifying its commitment to shaping the future of Web3 and blockchain technologies.
Mansoor Madhavji, Partner at Blockchain Founders Fund, said building meaningful relationships is at the core of what they do, and they are thrilled to continue investing in great founders.
Tobias Bauer, Partner at Blockchain Founders Fund, said the fund has diligently accumulated a comprehensive set of resources and tools over the course of four years to provide the best possible environment for companies to succeed.
Aly Madhavji, Managing Partner at Blockchain Founders Fund, expressed gratitude for the support received from top institutions and industry leaders, and the firm remains committed to supporting the next generation of visionary entrepreneurs who are shaping the future of Web3 and blockchain technologies.
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