Gumi Cryptos Capital puts on a $ 110 million fund for blockchain startups
Gumi Cryptos Capital puts on a $ 110 million fund for blockchain startups

- The risk capital society hopes to build on the success of your GCC Fund I
- up to 50 companies are targeted by the fund, which will invest in both shares and tokens
The risk capital company Gumi Cryptos Capital (GCC) announced on Wednesday that it set up a $ 110 million fund that focuses on the blockchain startups of the industry in the early phase.
The second fund of the company, GCC Fund II, tries to build on the success of its original 21 million dollar fund (GCC Fund I) by investing in start-ups that build the infrastructure, development tools, games, metagers, daos, guilds and web3 apps of the company.
up to 50 global blockchain startups are targeted by the company's second fund, which is expected to invest between $ 500,000 and $ 5 million per startup through initial and follow-up investments. The fund will invest in both stocks and tokens.
the VC said that its GCC fund I, which supports start-up capital in the early phase, had grown from $ 21 million to a whopping $ 516 million in asset and, according to a statement
Fund II aims at “extraordinary” developers and projects at all levels during the earliest phase of a company's life cycle and is “independent of chain,” said GCC. Blockchain-tagnostic refers to a project that provides solutions that are created or operated by the various underlying blockchains in the industry.
Hironao Kunimitsu, Rui Zhang and Miko Matsumura, the three partners from the original GCC fund, will lead the second fund from Gumi. All three have founded and abandoned companies through mergers and takeovers or IPOs, according to the explanation.
"The existing institutions and infrastructures, including social infrastructure, governance, financial services and big tech, demonstrably let us down," said Miko Matsumura, managing partner of GCC. "Because the way forward is unknown, there is a strong appetite for experiments."
Matsumura added that tokens represent "monetary experiments", while web3, dao (decentralized autonomous organization) and guilds represent "governance experiments".
The company has invested in young companies that have experienced explosive growth in recent years, including OpenSea, Yield Guild Gaming, Celsius Network and 1inch Network.
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The contribution Gumi Cryptos Capital starts $ 110 million funds for blockchain startups is not a financial advice.