LongHash Ventures Launches $100M Fund Focused on Web3
- August 11, 2022
- 0
Singapore-based LongHash Ventures has launched a $100 million fund focused on Web3. With both the Fund II and the LongHashX Accelerator, we will continue our mission to support
Singapore-based LongHash Ventures has launched a $100 million fund focused on Web3.
With both the Fund II and the LongHashX Accelerator, we will continue our mission to support and empower the next generation of Web3 founders! 🎉🚀 https://t.co/XDCLDCzlKy
— 🔰 LongHash Ventures (@LongHashVC) 10 August 2022
Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC and other investors participated in the creation of the fund.
LongHash Ventures Fund II will invest in early-stage startups developing multi-chain infrastructure for DeFi, issuing NFTs, creating metaverses and gaming projects using blockchain.
LongHash’s initial funding raised $15 million starting in 2021. The company has also been running the LongHashX acceleration program since 2018, supported by Protocol Labs.
LongHash Ventures’ investment portfolio includes more than 60 Web3-related projects, including Polkadot, Coinshift, and Balancer.
Earlier, LongHash Ventures announced the launch of an accelerator in partnership with Terraform Labs. Later, the Terra ecosystem collapsed.
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