This Singapore VC has set up a $75 million fund for crypto and blockchain startups

The fund will focus on startup companies in the pre-series A to Series A stages.


Alfred Lee

30 Sep, 2021

This Singapore VC has set up a $75 million fund for crypto and blockchain startups | BEAMSTART News

There's a new VC fund in Singapore, and unlike other investment firms, it will focus on investing in startup companies within the blockchain/digital asset space.

The fund, which is $75 million in size, is a joint collaboration between SBI Group, Sygnum, and Azimut Group.

Fund Details

  • Fund Size: $75 million
  • Stages: Pre-series A and Series A startup companies
  • Sectors: Blockchain, Decentralized Finance (DeFi), Distributed Ledger Technology (DLT), regtech, among others.
  • Locations: Southeast Asia, Europe

Why It Matters

  • There has been a growing investor appetite for companies developing crypto/blockchain technology as of late, with many large companies acquiring startups in this space.
  • In the first half of 2021, $17 billion was invested into blockchain/DeFi companies — a 5X increase since 2019.
  • The new fund is incorporated in Singapore as a Variable Capital Company.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Senior Software Engineer, LTSE Equity (Remote)

Long Term Stock Exchange

San Francisco, United States

Full Time

USD 145000 — USD 163300 yearly

Lead Node.js Engineer (Edge Functions)

Supabase

Singapore, United States

Full Time

Salary Undisclosed

Senior Product Designer

Cube

New York, United States

Full Time

Salary Undisclosed

Backend Engineer (MDM)

Swifteam, Inc.

Santa Clara, CA, United States

Full Time

USD 40000 — USD 80000 yearly

Software Engineer

Gem

San Francisco, United States

Full Time

Salary Undisclosed

Security and Compliance Engineer

Middesk

San Francisco, United States

Full Time

Salary Undisclosed

Software Engineer - Backend

Plaid

San Francisco, United States

Full Time

Salary Undisclosed

Lead Application Security Engineer (Remote)

Mattermost

Palo Alto, United States

Full Time

Salary Undisclosed

Senior Software Engineer, DLOps

AssemblyAI

San Francisco, United States

Full Time

USD 125000 — USD 185000 yearly

Customer Success Manager

Tenant Turner

Richmond, VA, United States

Full Time

USD 60000 — USD 72000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).