Crypto VC Firm CMCC World Raises $100M for Fourth Fund: Describe
Hong Kong-based fully crypto enterprise capital agency CMCC World has raised $100 million for its fresh Titan Fund, consistent with a South China Morning Submit file on Wednesday.
The fund’s backers included Winklevoss Capital, the family discipline of enterprise of the twins at the abet of the crypto trade Gemini. CMCC’s fourth fund will build equity investments in early-stage blockchain startups with a main handle Hong Kong.
The fresh fund comes at some level of an extended crypto endure market that has nearly brought enterprise capital investments to a discontinue. Nonetheless, there delight in been vivid spots in the mist. Silicon Valley-based fully enterprise capital agency Blockchain Capital announced the expand of $580 million across two funds closing month, and fresh agency Oak Grove Ventures raised $60 million for its first fund.
The fund has already deployed capital in 5 projects and one became named. CMCC became a lead investor in Mocaverse, a non-fungible token (NFT) mission announced by Hong Kong-based fully crypto huge Animoca Manufacturers closing December.
Other patrons in the fund included Jebsen Capital, Block.one, Hong Kong billionaire Richard Li’s Pacific Century Neighborhood and Animoca Manufacturers founder Yat Siu.
Source credit : unchainedcrypto.com