Maven 11 Capital raise $120M in secondary funding round

Published at: Dec. 2, 2021

Digital asset investment firm Maven 11 Capital has announced a $120 million funding round for its private investment establishment, Venture Fund II, in a move that will further expand its financial footprint across emerging sectors of decentralized finance (DeFi) and Web 3.0. The funding round builds off a successful inaugural raise of $40 million in June of this year. 

Established in May 2017, Maven 11 Capital has invested in 27 companies exclusively within the DeFi and Web 3.0 space. The firm was the lead investor in private seed rounds for data oracle service RedStone and metaverse stack firm Odyssey in July and November 2021, respectively.

Maven 11s investment strategy focuses primarily on identifying emerging technologies. As such, the firm has amassed capital in a number of projects, including stalwart cryptocurrency assets Bitcoin (BTC) and Ether (ETH), in addition to Aave (AAVE), Uniswap (UNI) and Yearn Finance (YFI), as well as more speculative positions in nascent projects OlympusDAO, Nym Tech, and Arweave, among others.

So we did a thing....It's probably nothing.But in all seriousness, this whole team of #DeFi degens and #Web3 minded people is super stoked to continue supporting our current and new ventures in the craziest and most exciting space there is.WAGMI https://t.co/WON2sw1Ibr

— Maven 11 Capital (@Maven11Capital) December 2, 2021

Maven 11's venture fund highlights a growing investor appetite for identifying and investing in emerging blockchain and crypto plays. As Cointelegraph reported on Wednesday, former Wall Street veteran Matt Zhang launched a $1.5 billion crypto fund dedicated to investing in promising blockchain plays as well as trading in crypto assets. 

This story is still in development. 

Tags
Business
Funding
Venture Capital
Related Posts
Galaxy Interactive raises another $325M fund aimed at metaverse and next-gen games
Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence and blockchain-based games. In a Tuesday announcement, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies, including Republic, 1047 Games, Elodie, Roar, Art Blocks and Masterworks, with other additional investments to be announced in coming months. Established in 2018 by general partners Sam Englebardt and Richard Kim, the company …
Technology / Oct. 20, 2021
Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019
A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space. While the largely unregulated ICO boom of 2018 raised $7.8 billion, initial coin offering funding fell more than 95% to raise $371 million in 2019. By contrast, equity funding raised $2.8 billion last year. The report also notes the rise of decentralized finance (DeFi), noting that there are currently more than $1 billion in assets on DeFi platforms — up from $300 million as of January 2019. Crypto firms are …
Decentralization / March 23, 2020
Binance Labs backs $200M Oasis Ecosystem Fund
Binance Labs, the venture capital (VC) arm of the Binance cryptocurrency exchange, announced Tuesday that it will contribute to Oasis Foundation’s $200 million ecosystem development fund, sending a strong signal that major investors were still keen to back emerging projects on alternative blockchain networks. With the investment, Binance Labs joins other prominent VC firms in supporting the Oasis Network, an alternative smart contract platform that intends to compete with Ethereum. As Cointelegraph reported in November, Oasis Foundation initially launched a $160 million development fund to lure promising startups to its blockchain. In addition to Binance Labs, other notable VC firms …
Business / Jan. 11, 2022
Polygon raises $450M in Sequoia-led funding round
Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to support the future of Web3 development. The investment round was led by Sequoia Capital India with participation from more than 40 venture capital funds, including SoftBank Vision Fund 2, Galaxy Digital, Tiger Global and Republic Capital. Billionaire investor Kevin O’Leary also participated in the raise. Polygon will use the funding to expand its scaling solutions, which includes Polygon PoS, Polygon Edge and Polygon Avail, and support mainstream adoption …
Business / Feb. 7, 2022
Skyweaver's parent company secures $40M in Series A funding
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors. With the funds, Horizon plans to invest in Web3 products and scale its operations. Specifically, the company wants to grow its developer stack and smart wallet Sequence, expand the content and reach of the nonfungible token (NFT) turn-based card game …
Nft / Oct. 5, 2022