Blockchain venture company Woodstock collects $ 100 million from US investors

Blockchain venture company Woodstock collects $ 100 million from US investors

Woodstock Fund, a blockchain-focused risk capital company with deep roots in India, opens up US investors for the first time to raise $ 100 million for their latest fund, two people who are familiar with the matter.

Planting the company at the end of March a final conclusion for the Vehikel, the Woodstock Capital Fund II, to hold, one of the people said. The fund has already carried out a first closing with limited partners, including a number of family offices.

The sources were granted anonymity to discuss sensitive business relationships. The company rejected a statement.

The fund has feeder vehicles that accept capital deposits of US and non-I-INVERSES alike. This is a departure from the first fund of the company, Woodstock Capital Fund I, which focused on investment opportunities in the seed phase and only had to do with investors outside the USA.

The founders of the company, which has branches in India, the United Arab Emirates and the USA, see a natural bridge between web3 investment opportunities in Asia and the Middle East and a growing appetite of the USA to provide risk capital for such games.

Earlier investments Made by Woodstock include web3 projects such as Covalent, Marlin and Polygen as well as the NFT companies Terra Virtua and Metasky as well as the Defi Startups Paraswaps and unilaterally.

WOODSTOCK won Adam Mastrelli, a 10-year-old IBM veteran who helped build the technology-giant blockchain services, at the beginning of this month as a partner with a focus on business development in the USA, where he plays a key role in capital gathering for the latest fund Unlike the first fund, which mainly supported companies and protocols in the early phase, Woodstock Capital Fund prefers a medium -sized growth stock strategy. It is planned to rely on the treasury of blockchain protocols as an investor and otherwise to take token on the free market and from third parties.

On the stock front, the vehicle aims at promising investment opportunities for Serie A. It will also - like the team at its first fund - try to participate in staking and to support protocols in infrastructure development and governance.

The company, according to a source, has outlined three decisive growth areas for crypto: financialization or tokenization of real assets; Virtualization, a web3-driven conviction that the virtual world will increasingly merge with reality; and convergence of technologies and cultures.

The fund plans to write tickets of $ 1 to $ 5 million. It provides for a five -year blocking period for investors' capital, with a two -time extension option by one year according to the discretion of the limited partners.

Woodstock, led by the founding partners Pranav Sharma and Himanshu Yadav, now has nine full -time employees. The company has considered opening an office in Singapore because web3 development in the country is increasing.

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