RATE Group | Singapore VC Unveils New Blockchain, Cryptocurrency Fund
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Singapore VC Unveils New Blockchain, Cryptocurrency Fund

11 Aug Singapore VC Unveils New Blockchain, Cryptocurrency Fund

Posted at 03:22h in Cryptocurrency News by

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LuneX Ventures

LuneX Ventures, a partnership between Singapore-based venture capital (VC) firm Golden Gate Ventures and its former head of growth Kenrick Drijkoningen, is looking to invest US$10 million into five to ten blockchain and cryptocurrency startups by the end of the year, the company said on Friday.

LuneX Ventures claims to be Southeast Asia’s first dedicated cryptocurrency, blockchain fund with traditional VC backing. The company said it will leverage “Golden Gate’s strengths in backing growth companies, gained from applying Silicon Valley expertise across the ASEAN region” and invest globally in “companies that are building out services to grow the new cryptocurrency ecosystem.” In particular, the firm said it was interested in entrepreneurs and companies that provide and tackle issues such as infrastructure scalability and interoperability, along with practical solutions to issues like custody and security, and institutional services.

Golden Gate Ventures, a VC firm focuses…

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