gumi Cryptos Capital (gCC), the blockchain-focused venture capital firm, announced the completion of the raising of its second blockchain-focused seed fund thanks to the performance of its first $21 million gCC fund US which supported the seed stage founders.
Blockchain venture firm gumi Cryptos Capital raises $110 million to invest in blockchain startups
With 36 portfolio companies, gCC Fund I has already backed many of the strongest entrepreneurs in the industry, including leading NFT Marketplace OpenSea’s strategic seed round and placing a seed investment in Yield Guild Gaming. gCC Fund I has many strong seed investments in its portfolio, including unicorns such as Celsius Network, Qredo, Agoric, Astar, 1inch, VEGA protocol, etc.
Managing Partner Rui Zhang said, “Think of us as an experienced, high-conviction, high-trust, practical value-added, long-preference, unicorn-to-megacorn, all-in-one venture capital firm. one focused on builders.”
gCC anticipates the rise of the experimental era
“We live in an experimental age. We are clearly lacking in existing institutions and infrastructure, including social infrastructure, governance, financial services and big tech. Because the way forward is unknown, there is a strong appetite for experimentation Tokens represent the monetary experimentation that powers Web3, DAOs and guilds are governance experiments Avatars represent “personality experiments”, whether supported by individuals, bots or groups. NFTs are experimental digital assets. The metaverse is a set of experimental realities,” said Miko Matsumura, Managing Partner of gCC.
Fund II will target outstanding developers, projects, DAOs, guilds, apps, games, and protocols at any layer at the earliest stage and is chain-agnostic. Fund II will invest in both stocks and tokens. gCC plans to invest between $500,000 and $5 million per project through initial and follow-on investments.
Rui Zhang, added, “Our approach for this fund will be to ‘think ahead.’ We are developing advanced thinking in the blockchain space. We are looking for outstanding ‘gumicorn’ founders in advanced sub-sectors who have the potential to be industry leaders and disrupt global industries.”
World class team
gumi Cryptos Capital Fund II will be led by a world-class team of experienced investor operators: Managing Partners, Hironao Kunimitsu, Rui Zhang and Miko Matsumura. All three partners have founded and exited companies through mergers and acquisitions or IPOs.
Portfolio management teams will also have access to gumi Crypto Capital’s exceptional global network of portfolio company founders, legal and financial advisors, token economy designers, liquidity partners and token market builders. and a global investor base. gCC has a unique geographical footprint straddling headquarters in San Francisco and Tokyo.
Hironao Kunimitsu, Managing Partner at gCC, said, “We have unique access to both the startup culture and capital markets of Silicon Valley, as well as access to the Japanese market. Japan is also home to unique intellectual property assets, especially in the growing gaming sector. . Thanks to our unique geographical advantage, we can help ambitious projects grow faster.”
Building on momentum
This fund follows gCC’s launch of gCC’s record performance on its fund I. gCC Fund I is above the top 1% of all venture capital funds in terms of performance according to data from Angel List . Additionally, gCC’s portfolio companies have themselves raised over $1 billion since January 2020 to fuel growth.
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