New Fund Focused on Web3 and Blockchain
A new blockchain venture capital (VC) fund called Paper Ventures has been launched with an initial fund of $25 million. The fund is dedicated to investing in early-stage Web3 and blockchain projects. It has received support from traditional hedge funds, family offices, exchanges, founders, and high net worth individuals in the crypto industry.
Founders with Experience in Web3 Investments
Paper Ventures is founded by Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, who are experienced venture capitalists with a focus on Web3 investments. They have previously helped secure early funding for projects such as Frax Finance, SEI, Polygon, Injective, Polkadot, Moonbeam, and Cosmos.
Nurturing Outstanding Projects
Paper Ventures aims to not only provide funding but also nurture outstanding projects in the blockchain space. The founders believe in the transformative power of blockchain and are committed to supporting innovative ideas that push the boundaries of technology and finance.
Supporting Brilliant Minds
Co-founder Oliver Blakey stated that Paper Ventures is more than just investors. They are dedicated to supporting the brilliant minds behind groundbreaking ideas. The founders plan to leverage their extensive industry experience and network to provide portfolio projects with the connections they need to succeed.
Hot Take: Paper Ventures Launches $25 Million Blockchain Venture Capital Fund
Paper Ventures, a new blockchain venture capital fund, has entered the market with an initial fund of $25 million. The fund will focus on investing in early-stage Web3 and blockchain projects. Led by experienced venture capitalists, Paper Ventures aims to not only provide financial support but also nurture these projects for success. With the backing of prominent industry figures, the fund is set to play a significant role in the development of innovative ideas in the blockchain space. By leveraging their expertise and network, the founders of Paper Ventures hope to support and elevate the outstanding projects and brilliant minds behind them.
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