ICYMI: Asian web3 accelerator LongHash Ventures announces new $100 million fund
LongHash Ventures, one of the top venture funds for Asian web3 startups, announced a new $100 million fund on Wednesday.
LongHash Ventures Fund II was funded by Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe and MEXC among others, according to a release. LongHash hopes its second fund will be $100 million in size, but CEO Emma CuiLongHash Ventures Fund II will finance web3 projects from pre-seed to Series A stage, with a focus on those building out multi-chain infrastructure for decentralized finance, non-fungible tokens, blockchain-based gaming and the metaverse.
This is the second fund from LongHash Ventures. The first was launched in 2021 at $15 million.
LongHash Ventures has financed Polkadot, Coinshift, Balancer and over 60 other web3 projects in the past. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program .
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