Gumi Cryptos to Support Early Stage Crypto Startups via $110 M Fund.
Gumi Cryptos Capital pledges a massive investment of $110 million in capital for new and early-stage blockchain startups. The Japan-based venture capital has decided to support the crypto startups to escape the existing institutions, systems, and infrastructure especially the one of big tech.
The amount grew to $516 million in asset value which means a guaranteed ROCE (return on capital employed) of 24.6%.
“We think of ourselves as unicorn builders. We’ve all founded companies and exited companies. The fit is really finding people that we can identify with as entrepreneurs and provide assistance to them.”
The only requirement for landing funding is a relation with blockchain. The second fund will invest capital ranging from $500000 to $5 million which will work as both an initial and follow-on investment.
Some other investments were made in Celsius Network, Qredo, Astar, 1inch, Agoric, and VEGA protocol.
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