Singapore MAS-approved LongHash Ventures has inaugurated a latest fund price $100 million after the Asian Web3 VC obtained highly effective backing from common buyers and enterprise veterans for its victorious preliminary shut.
The LongHash Ventures Fund II is supported by many Web3 VCs, single-family places of work, and Web3 producers akin to Hash key Capital, NGC Ventures, Protocol Labs, Gnosis Secure, MEXC, Synthetix producers Kain and Jordan Warwick, Qiming VC establishing supporter Duane Kuang, and Astar producer Sota Watanabe, amongst others.
As soon as the fund ends seizing within the capital, which can happen by year-end, it is going to focus on multi-chain Web3 infrastructure launches that help pitch verticals akin to DeFi, NFT, GameFi, and the Metaverse. The LongHash Ventures Fund II will likely be capitalizing on packages and firms from pre-seed to Collection A.
The account will furthermore donate to packages ending from its accelerator arm LongHashX, which has beforehand attained a grant at an unknown valuation from Superscrypt, a Web3 funding firm established by Temasek, in addition to a uncommon massive fund LPs encompassing NGC, relating to the company.
LongHashX is “the go-to supporter for protocols like Polkadot, Filecoin, Algorand, amongst others”. Alumni packages embody Astar, Xanpool, and Lit Protocol.