CMCC Global's new fund has raised 100 million yuan and will invest in blockchain startups

Foresight_News · 2023-10-04T12:03:01.000Z

Foresight News, according to the "South China Morning Post" report, CMCC Global, a Hong Kong venture capital institution focusing on cryptocurrency, announced that its newly established fund "Titan Fund" has completed the first round of 100 million fundraising. Block.one, Yingke Group, Winklevoss Capital , Jebsen Capital and more than 30 investors participated in the investment. Titan Fund is the fourth fund launched by CMCC Global and will provide equity investments in early-stage blockchain startups, with a focus on Hong Kong. The fund is also a major investor in Mocaverse, an NFT project launched by Animoca Brands last December.

According to Foresight News, CMCC Global, a Hong Kong venture capital firm focusing on cryptocurrency, announced that its newly established fund "Titan Fund" has completed the first round of fundraising of 100 million yuan, with more than 30 investors including Block.one, Yingke Group, Winklevoss Capital, and Jebsen Capital participating. Titan Fund is the fourth fund launched by CMCC Global and will provide equity investment for early blockchain startups, focusing on Hong Kong. The fund is also the main investor in Mocaverse, the NFT project launched by Animoca Brands in December last year.
Foresight News previously reported that in May this year, blockchain venture capital firm CMCC Global said it was launching a $100 million fund to invest in start-ups focusing on blockchain projects.