Singapore’s Blockchain Founders Fund announces final close of its $75M fund

• Fund of the founders of blockchain bff fund ii is a fund of 75 million dollars to web3 start-up.
• Financial backers are Polygon, Ripple and NEO Global Capital (NGC).
• The BFF launched its Fonds BFF in 2018 and invested in more than 100 projects, including Splinterlands.

Blockchain Founders Fund (BFF), a Web3 venture capital fund headquartered in Singapore, has announced the final closure of its second fund.

Whereas bff announced the closure of the capital of its fund ii at the beginning of 2022, the latest announcement is a final closing which has included the participation of large investors focused on crypto, family facilities and offices.

Per the company, which revealed the development via a press release, participants in the $75 million fund include Polygon, Ripple, and NEO Global Capital (NGC). As highlighted last September, Polygon invested in BFF as part of its goal towards global blockchain adoption.

Others were appworks, the sebastian borget sand redhead and metavest capital.

BFF The fund is investing in Web3 startups in the starting phase.

The Singapore-based fund will use the funding to support the pre-boot and boot-up phases of high-level start-ups in Web3 and blockchain.

According to BFF managing partner Aly Madhavji, the fund has already invested in projects that are currently reshaping the Web3 ecosystem.

“As we close this fund, we remain committed to supporting the next generation of forward-thinking entrepreneurs that are shaping the future of Web3 technologies and blockchains. Together, we can build a more decentralized, transparent, and equitable world,” he added.

The bff fund launched in 2018, and has until now seen investments in over 100 startups, half of which last year despite the crypto winter. 

Start-ups that have received support from bff include multiplayer trading card games splinterlands, artificial intelligence (ai) metaverse modified state machine protocol, and magna platform management token.

As reported earlier this year, BFF lead a $500,000 seed round for blockchain platform Koinos.