![\"Gumi](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/03\/image-2022-03-30-150826.jpg\")
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On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm\u2019s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC\u2019s initial $21 million fund that backed seed stage founders. <\/strong>\n<\/p>\n \n GCC\u2019s announcement further details that Fund II will target software engineers, decentralized autonomous organizations (DAOs), guilds, and more \u201cat any layer at the earliest stage and is chain-agnostic.\u201d \u201cFund II will invest in both equity and tokens,\u201d the announcement explains. \u201cGCC expects to invest between $500,000 to $5 million per project through both initial and follow-on investments.\u201d<\/span><\/p>\n \n According to GCC, the companies in the firm\u2019s portfolio have raised more than $1 billion since January 2020. The company\u2019s managing partners include Hironao Kunimitsu, Miko Matsumura, and Rui Zhang. \u201cWe live in the Experimental Age,\u201d Matsumura explains in a statement sent to Bitcoin.com News. \u201cThe existing institutions and infrastructure including social infrastructure, governance, financial services and big tech are demonstrably failing us. Because the way forward is unknown, there\u2019s a strong appetite for experimentation.\u201d Matsumura added: <\/span>\n<\/p>\n Tokens represent monetary experimentation powering Web3, DAOs and guilds are governance experiments. Avatars represent \u201cpersonality experiments\u201d whether backed by individuals, bots or groups. NFTs are experimental digital assets. The metaverse is a collection of experimental realities.<\/p>\n<\/blockquote>\nGumi Cryptos Capital Reveals Fund II \u2014 Firm Will Invest $110 Million Into early-Stage Blockchain Startups<\/h2>\n
The blockchain-focused venture capital firm <\/span>Gumi Cryptos Capital (GCC)<\/span><\/a> has announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance (defi), game finance (gamefi), Web3, and other types of ideas being created by early-stage blockchain startups. In a statement sent to Bitcoin.com News, GCC\u2019s managing partner <\/span>Rui Zhang said: \u201cThink of us as blockchain\u2019s experienced, high-conviction, high trust, hands-on value adding, long time preference, unicorn to megacorn, builder-focused all-in venture society.\u201d<\/span><\/p>\nVenture Capital Continues to Bolster Blockchain Funds, GCC Managing Partner Says \u2018There\u2019s a Strong Appetite for Experimentation\u2019<\/h2>\n
GCC\u2019s Fund II follows a slew of venture capital funds announced during the last year. Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm just <\/span>announced<\/span><\/a> a $100 million fund focused on metaverse, defi, and gamefi concepts. The crypto exchange Luno announced that the firm\u2019s investment arm, Luno Expeditions, <\/span>launched<\/span><\/a> a fund dedicated to fintech startups. Venture capital firm Griffin Gaming Partners (GGP) <\/span>announced<\/span><\/a> a $750 million fund to support gaming concepts that involve blockchain and Web3 ideas.<\/span><\/p>\n\n