Hong Kong crypto firm launches $100 million fund, targeting Asian startups
Cryptocurrency-focused venture capital firm CMCC Global has raised $100 million for a new fund to support startups in Asia’s blockchain space, the South China Morning Post reported.
More than 30 investors, including Winklevoss Capital and Animoca Brands founder Yat Siu, are backing the new fund, called Titan Fund, company co-founder Martin Baumann told the South China Morning Post. Other investors in the fund include Block.one, Richard Li’s Yingke Development Group and Jebsen Capital.
The fund plans to inject capital into three investment categories including blockchain infrastructure, consumer applications and crypto financial services.
Cryptocurrency-focused venture capital firm CMCC Global has raised $100 million for a new fund to support startups in Asia’s blockchain space, the South China Morning Post reported.
More than 30 investors, including Winklevoss Capital and Animoca Brands founder Yat Siu, are backing the new fund, called Titan Fund, company co-founder Martin Baumann told the South China Morning Post. Other investors in the fund include Block.one, Richard Li’s Yingke Development Group and Jebsen Capital.
The fund plans to inject capital into three investment categories including blockchain infrastructure, consumer applications and crypto financial services.