Web3 venture capital firm Comma3 Ventures has made the first close of its Web3 fund at US$20 million. The fund aims to close the fund at US$45 million.
The fund was raised from diverse institutional investors, family offices, well-known executives and high-net-worth individuals in Taiwan and Singapore.
“The successful fundraising of the fund is a testament to Comma3 Ventures’ expertise, track records, and commitment to investing in the future of crypto and blockchain technology,” the firm said in a press statement.
Comma3 Ventures is composed of three GPs: Nicole Liu, Ivan Li, and Denny Yang. Through their projects, the GPs have previously invested in various projects, such as Zilliqa, Polygon, Klaytn, Thetan Arena, Highstreet, Tranchess and Cetus.
The team will leverage their six years of industry experience to support and empower startups with disruptive potential and create long-term value for investors.
Also Read: Web3 gaming: The next big thing in online entertainment
Comma3 aims to become a research-driven Web3 investment firm, investing in and supporting early-stage blockchain infrastructure such as L1&L2, cross-chain, and ZK, as well as DAPPs with the potential to bring traffic to Web3, such as DeFi, GameFi, and creator economies.
In an email interview with e27, Liu explains that being a research-driven Web3 investment firm means dedicating itself to industry research and using in-depth industry research to guide its investment strategy.
Comma3 Ventures has a ticket size of US$250,000 to US$1 million and aims to invest in about 80-100 projects.
“We regard ourselves as an early-stage investor, so team background and previous experience are very important for us. And on the other hand, we are looking for entrepreneurs who really know what blockchain and Web3 are and how to rebuild their businesses empowered by decentralisation technology and token economics. We are dedicating ourselves to investing in and supporting early-stage blockchain infrastructure such as L1&L2, cross-chain, and ZK, as well as DAPPs with the potential to bring traffic to Web3, such as DeFi, GameFi, and creator economies,” Liu explains.
—
Echelon Asia Summit 2023 is bringing together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here.
Echelon also features the TOP100 stage, where startups get the chance to pitch to 5000+ delegates, among other benefits like a chance to connect with investors, visibility through e27 platform, and other prizes. Join TOP100 here.
Image Credit: Comma3 Ventures
The post Comma3 Ventures makes first close of US$45M Web3 fund to become a research-driven investment firm appeared first on e27.