LongHash Ventures has backed over 60 projects including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, Balancer and more.
Singapore’s MAS-licensed LongHash Ventures launches new fund worth $100 million after Asian Web3 VC’s first successful close and strong endorsement from global investors and industry veterans .
LongHash Ventures Fund II includes Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe. .
When the fund stops accepting capital by the end of the year, it will focus on multi-chain Web3 infrastructure projects supporting key areas such as DeFi, NFTs, GameFi and the Metaverse. LongHash Ventures Fund II invests in projects and teams from pre-seed to Series A.
According to the company, its accelerator arm, LongHashX, recently raised funding from Temasek-founded Web3 investment firm Superscrypt at an undisclosed valuation, as well as several large fund LPs, including NGC. I plan to invest in the project. LongHashX is a “go-to partner for protocols such as Polkadot, Filecoin and Algorand among others”. Alumni projects include Astar, Xanpool and Lit Protocol.
Emma Cui, Founding Partner and CEO of LongHash Ventures, said: , and identify founders and projects with great potential very early on, using crypto-native knowledge and resources to help teams achieve their potential and succeed. The second fund will allow us to support more founders and through subsequent rounds.
In addition, geographically headquartered in Singapore with team members spread across Asia including China, Malaysia and India, we are uniquely positioned to scale projects more quickly across the Asian region. ”
To date, LongHash Ventures has backed over 60 projects including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, Balancer and more. The company helps founders develop the tokenomics, governance, and community of their projects.
LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin, and others to build over 50 global Web3 projects, raising over $150 million over the past four years.