Germany-based Blockchain Founders Capital has announced the first closing of its €15 million micro venture capital fund. The fund will focus on early-stage investments in the web3 space.
"We are deeply grateful for the trust our early investors have placed in us and want to express our heartfelt appreciation for their support," says Wolfgang Männel, Managing Partner of Blockchain Founders Capital.
Investment came from private investors, amongst them successful founders and experienced venture capital investors, apparently.
The Blockchain Founders Capital fund will invest in over 30 early-stage start-ups in the Web3 space who are using blockchain technology to change their specific sectors.
“When people hear Web3 or crypto, most of them think immediately of Bitcoin,” says Männel, "but our focus is on solving real-life problems 10x better, faster, or cheaper using blockchain technology. Our goal is simple: to identify and invest in the most promising Web3 startups and projects and to work closely with these companies to help them succeed. It will be critical to make the transition from Web2 to Web3 as easy as possible for users, creators, and aggregators.”