Amsterdam-based Crypto Venture Firm Seeking $100 Million for Third Fund
Amsterdam-based crypto venture firm Maven 11 is currently in the process of seeking $100 million for its third fund. The company aims to close the raise in the first half of next year, with a third of the total amount already committed by limited partners.
Theta Capital Management, a fund-of-funds focused on crypto, is the anchor investor for Maven 11’s third fund, as it was for the firm’s second fund. Theta Capital Management has invested over $600 million in the crypto space to date and expressed confidence in Maven 11’s ability to identify important innovation early on and contribute to industry research.
Modular Blockchain Bets
Celestia, a modular blockchain network and one of Maven 11’s successful investments, launched its mainnet beta in October. Maven 11 has been investing in the crypto space since 2017, backing several projects such as Risc Zero, Lagrange, Gensyn, Merit Circle, and Celestia. The firm is known for helping develop nascent ecosystems like the modular blockchain space and co-hosted the Modular Summit in Paris earlier this year.
A portion of the new fund will be used to support founders in Maven 11’s Modular Program, with a focus on boosting the ecosystem. Balder Bomans, managing partner and CIO at Maven 11, mentioned that the new fund will be more focused on consumer applications than its predecessors.
Hot Take: Amsterdam-based Maven 11 Seeks $100 Million for Third Crypto Fund
Maven 11’s latest endeavor to secure $100 million for its third fund demonstrates a continued commitment to investing in and supporting innovative projects within the crypto space. With a strong track record and a focus on developing nascent ecosystems such as modular blockchain networks, Maven 11’s efforts are likely to have a significant impact on the future of consumer-facing applications within the industry.
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