Singapore venture capital (VC) fund Blockchain Founders Fund (BFF) has announced the principal close of its $75 million BFF II.

The fund saw participation from notable investors from across the blockchain and crypto industry as well as many reputable family offices from around the world, BFF said in a statement.

Some of the notable investors participating in BFF II include NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, TechMeetsTrader, Zipmex, Baksh Capital, Octava, Aria Group, major smart contract audit firms, blockchain/crypto influencers and many more leading companies and individuals in the blockchain space.

BFF II’s investment strategy is a continuation of the success of the venture program model, investing into pre-seed and seed stage projects, and then following on, investing up to $5 million into future funding rounds.

The first investments from BFF II have been made into a handful of exciting companies including FXDX, GRID, RD Land, Rebelbots, Health Hero, The Apocalyptics, FuseFi, Cross the Ages, and Dogami.

“BFF is an early investor in many leading companies in the blockchain space and we are excited about co-investment opportunities and building a long-term strategic relationship with the team,” said Roger Lim, Founding Partner of NEO Global Capital (NGC) and investor in BFF II.

BFF aims to be an early investor to entrepreneurs building promising blockchain, crypto, web3, metaverse startups and provide tailored hands-on support to them through the venture program.

“We are excited about BFF’s hands-on approach in backing and closely working with strong founders,” said Sandeep Nailwal, Founder of Polygon and investor in BFF II.

The BFF portfolio includes Splinterlands, the #1 ranked blockchain game according to DappRadar, as well as leading companies such as LunarCrush, ASM, and Monkey Ball.

“We’re very excited by the enthusiasm and support from key industry leaders to back entrepreneurs that will shape the Web3 ecosystem,” said Aly Madhavji, Managing Partner at BFF.

Discussing near term plans, Mansoor Madhavji, Partner at BFF, added, “We’ve got an incredible team working with us day to day to discover and support great companies and we continue to support our portfolio companies with their talent needs and expand the team with individuals that want to be at the cutting edge of blockchain and VC.”

BFF is a Singapore based early-stage Venture Capital Fund which invests in top-tier Blockchain startups globally. Their industry leading go-to-market focused Venture Program aids seasoned and first-time entrepreneurs across key business functions to fast track growth. BFF has scaled many of the leading Blockchain startups and is always looking to connect with exceptional founders across the industry including Web3, metaverse, gamefi, decentralized finance (DeFi) and non-fungible token (NFT).

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