The Dutch crypto investment firm Maven 11 Capital closed its second venture fund at $120 million. Venture Fund II is focused on decentralized finance (DeFi) and Web 3.0.<\/p>\n
In a press release<\/a>, the firm noted that the closing amount \u201cdemonstrates growing appetite of the expanding investor community to include crypto assets in their portfolios.\u201d<\/p>\n \u201cInvestors clearly understand that, beyond participation through financing, they are also becoming active members of these communities and ecosystems. Obviously, this is a space that can no longer be ignored,\u201d said Maven 11 Capital partner Jost van der Plas.<\/p>\n<\/blockquote>\n The firm underlined that Venture Fund II attracted a diverse mix of investors. Among them are wealthy individuals with experience in finance, crypto entrepreneurs, family offices, and institutional investors.<\/p>\n Maven 11 Capital has been venture investing since 2017. Among the firms backed by Venture Fund I are Celestia, Qredo, Nym Technologies and Spectral Finance.<\/p>\n Venture Fund II has already made its first investments, notably in Merit Circle, Maple Finance, Anoma and Zapper.<\/p>\n \u201cMaven 11 Capital offers startups more than just funding. The entire fund team actively supports portfolio companies to accelerate their development,\u201d the statement said.<\/p>\n<\/blockquote>\n Earlier in November, Circle<\/a> \u2014 the main operator of the USDC stablecoin \u2014 announced the launch of a crypto-startup early-stage investment fund.<\/p>\n The Algorand-focused venture firm Borderless Capital said that the size of its Borderless ALGO Fund II will be $500 million<\/a>.<\/p>\n\n
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