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Gumi Cryptos Capital Launches $110m gCC Fund II, Investing in Crypto Startups

Crypto enterprise capital agency Gumi Cryptos Capital (gCC) has launched a $110 million second fund, gCC Fund II, to speculate in about 50 cryptocurrency corporations by means of fairness and tokens.

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Funding comes from about 60 restricted companions, about half of which come from listed corporations in Japan. Partners embrace Hironao Kunimitsu, Rui Zhang and Miko Matsumura.

gCC Fund II might be co-led by the three companions of gCC Fund I, Kunimitsu, Zhang, and Miko Matsumura.

The gCC ​​Fund II will present early-stage investments in startups corresponding to Decentralized Autonomous Organizations (DAOs), Guilds, Web 3 Applications, Games, and protocols, investing $500,000 to $5 million in every excellent challenge.

gCC Fund II has invested in Web 3 training platform ProofofLearn, NFT liquidity aggregator XY Finance, monetary NFT platform Solv Finance, Web 3 accelerator, and developer group AllianceDAO.

Hironao Kunimitsu says that:

“We have unique access to both Silicon Valley startup culture and capital markets as well as access to the Japan market. Japan is also home to unique intellectual property assets especially in the fast-growing gaming sector. With our unique geographic advantage, we can help ambitious projects grow faster,”

Bain Capital Ventures, the enterprise arm of the 37-year-old non-public fairness agency Bain Capital, introduced on March 9 that it had launched a $560 million fund targeted completely on cryptocurrency-related efforts.

Tekin Salimi, a former basic accomplice of crypto enterprise big Polychain Capital, introduced that he had launched a $125 million fund referred to as dao5 to assist present blockchain startups with early-stage funding in March.

Image supply: Shutterstock

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