Shara Senderoff and Aaron McDonald Launch $50 Million Venture Fund and Studio
Shara Senderoff and Aaron McDonald, co-founders of artificial intelligence and metaverse company Futureverse, have announced the launch of a new $50 million venture fund and studio called “Born Ready.” This fund will focus on investing in emerging technology ventures that have collaboration potential with either Futureverse or metaverse blockchain The Root Network. Some of the companies that Born Ready has already invested in include FCTRY Lab, Power’d Digital, Polemos, and Walker Labs.
Here are the key points:
– Shara Senderoff and Aaron McDonald, co-founders of Futureverse, have launched a $50 million venture fund and studio called “Born Ready.”
– Born Ready will invest in emerging technology ventures that have collaboration potential with Futureverse or The Root Network.
– The fund has already invested in companies such as FCTRY Lab, Power’d Digital, Polemos, and Walker Labs.
– Senderoff previously founded Raised in Space, a blockchain venture fund that has invested in over 20 crypto startups.
– McDonald was the co-founder and managing director of NetX Fund, with investments in more than 60 portfolio companies.
Futureverse plans to roll out an accelerator program in the near future. The company previously raised $54 million in a Series A round and consolidated 11 metaverse companies into one ecosystem. The funds raised will be used to build The Root Network, a blockchain dedicated to creating metaverse decentralized applications.
In contrast, Web3 and crypto venture capital funding has seen a significant decline, falling 79% year-over-year to $779 million in June. Most of the new funding has been allocated to blockchain infrastructure projects, with only a small portion going to nonfungible token projects.
Shara Senderoff expressed excitement about the launch of Born Ready, praising her partner Aaron McDonald for his ability to bring crazy ideas to life. The duo is grateful to announce this new venture and looks forward to making more innovative ideas a reality.
Hot Take
The launch of Born Ready by Shara Senderoff and Aaron McDonald is an exciting development for the artificial intelligence and metaverse industry. With their previous experience and successful investments, they are well-positioned to make a significant impact in the emerging technology ventures space. This new venture fund and studio will likely attract interest from crypto readers and further contribute to the growth and innovation in the metaverse and blockchain sectors.
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