No one can ignore the crypto these days – not even large Swisscom, Commerzbank and Bertelsmann companies. They are all part of the donors for a New fund specializing in investments in cryptographic startups. Greenfield OneA VC at the start of Berlin specializing in crypto, announced the closure of its third fund and now wants to be the “largest cryptography fund in Europe” with a volume of $ 160 million (135 million euros).
“Web 3.0 has developed its niche. The pace of innovation is still extremely high. We are satisfied with the strong growth in the volume of investment in our new fund, in which existing partners, as well as more and more institutional investors, are involved in order to benefit from innovations in the cryptography market “Said Sebastian Blum, co-founder and partner at Greenfield One, in a broadcast. Blum started Greenfield one with Jascha Smaadi, who has already founded several startups in the Fintech sector.
No public donor included
The money from the new fund comes from eminent donors. “In addition to many existing investors such as Bertelsmann Investments and family offices such as Lennertz & Co. of Hamburg, the Telecommunications Group Swisscom group, Commerzventures, Galaxy Vision Hill, the Business Unit Fund of Mike Novogratz’s Galaxy Digital, and the fund of the Aldea Fenures funds are new to it”, said. The third Greenfield One fund is also managed without public funds. All investors come from the private sector.
Previous investments include Nar, Celo, SpaceSsh, Vega, Multis, Arweave, Dapper Labs, Sovryn and 1inch. The new fund is Investing in around 35 new companies – an average of around 3.8 million euros is planned – Which is very large for the start. The goal is to do the “Potential of ideas and models based on blockchain accessible to a wider group of investors as a class of independent assets in Europe also ”. The German financial market regulator Bafin oversees the fund.