Singapore MAS-approved LongHash Ventures has inaugurated a recent fund worth $100 million after the Asian Web3 VC obtained powerful backing from universal investors and business veterans for its victorious initial close.
The LongHash Ventures Fund II is supported by many Web3 VCs, single-family offices, and Web3 producers such as Hash key Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix producers Kain and Jordan Warwick, Qiming VC establishing supporter Duane Kuang, and Astar producer Sota Watanabe, amongst others.
Once the fund ends seizing in the capital, which will occur by year-end, it will concentrate on multi-chain Web3 infrastructure launches that assist pitch verticals such as DeFi, NFT, GameFi, and the Metaverse. The LongHash Ventures Fund II will be capitalizing on programs and companies from pre-seed to Series A.
The account will moreover donate to programs finishing from its accelerator arm LongHashX, which has previously attained a grant at an unknown valuation from Superscrypt, a Web3 investment company established by Temasek, as well as a rare big fund LPs encompassing NGC, regarding the corporation.
LongHashX is “the go-to supporter for protocols like Polkadot, Filecoin, Algorand, among others”. Alumni programs encompass Astar, Xanpool, and Lit Protocol.