Thursday, July 25, 2024 Capital has increased the size of its $200 million fund to $500 million.

The fund size at in March 2021 was $200 million. It now plans to grow the fund to $500 million. capital is a Singapore-based fund that will be investing globally. This is’s first fund.

The fund managers said that even while they work on growing the fund, they also plan to maintain an entrepreneurial spirit and keep the fund lean. This thought is driven by the fact that if the fund has a staff of several hundred, it will not be relatable to the startups that the fund will be investing in.

Fund’s Investment Plans

The fund plans to invest in startups at the seed and series – A stages. This was revealed in a discussion with Coindesk by the fund’s GP, Jon Russell. The GP, Jon Russel, would be based in Bangkok even though the fund is Singapore-based. The GP elaborated, saying that the typical check amounts would be around $10 million for series-A funding.

The fund has thus far invested in YGG SEA. This is a DAO for managing NFTs. YGG Sea plans to build the largest sustainable P2E economy. The focus of the DAO will be SE Asia. said that the fund will mainly invest in DeFi, NFTs and gaming. The fund also stated that it would aim to lead the funding rounds where it participates.

The fund claims that its overall aim is to help grow the crypto ecosystem. Its investments will not be driven by any business motive. Also, the companies that receive investments from the fund will not be automatically listed on the exchange.

There is considerable growth in crypto firms with a lot of VC attention. Alongside’s fund, FTX has also set up a $2 billion venture fund.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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