Jan 1, 2023
5 min read
As the year 2023 dawns, we are excited to announce the official launch of our dedicated Web3 venture capital micro fund, Blockchain Founders Capital III.
This fund will make early-stage investments in about 30 companies with compelling Web3 use cases. We will invest globally with a focus on Europe and the United States.
Five investments have already been closed: Eleet Games, Proof, NFTically, AdHash, and The Mirror.
We couldn't be happier supporting the great founder teams behind each of these startups and partnering with esteemed venture capital colleagues from all around the world. You can find our investment rationale for each of those deals in the News section.
This has been some time in the making.
In 2020, Blockchain Founders Group was created as an incubator supporting young founder teams to get going in the Pre-Seed phase with business models that use blockchain technology.
Although a proud family member, Blockchain Founders Capital is a legally separate venture capital fund focusing on more advanced startups, albeit still Pre-Series A.
As venture capital investors and business angels with over 25 angel investments in the blockchain space under our belt, we have long recognized the potential of Web3 to create a more open, transparent, and secure digital economy.
Reading the press, one may feel that the crypto days are over. But we believe that blockchain use cases are just getting started.
Having witnessed the dot com heydays as an investor, one keeps discovering the same pattern of exaggeration, and sometimes madness, that comes with every new technology.
We have seen it with railroads, banking, personal computers, the internet, and now blockchain technology. Yes, often, history does repeat itself!
But tech historians agree on one thing: While the time it takes for a new technology to reach critical adoption is often underestimated, the eventual use of that same technology is mostly underestimated. As a result, every new major technological breakthrough has eventually become indispensable in our lives.
We are launching this fund to support and stimulate the growth of the web3 ecosystem and to aid in the widespread adoption of these innovative technologies.
Our goal is simple: to identify and invest in the most promising web3 startups and projects and to work closely with these companies to help them succeed.
It will be critical to make the transition from Web2 to Web3 as easy as possible for users, creators, and aggregators.
That is why we especially like business models that don't necessarily advertise "Crypto" in capital letters on their doors but use blockchain technology to solve a current issue better, faster, or cheaper.
We love founders who have a deep understanding and passion for their field and who are determined to succeed because they have a strong conviction in their idea.
We are incredibly grateful for the network with many other venture capital colleagues with whom we frequently share deal flow and discuss business models. It is this dialogue that helps founders to move faster and build a trusted investor base.
We also want to express our sincere gratitude to our investors for their trust and support. We understand that entrusting your capital to us is a significant decision, and we are deeply grateful for the confidence that you have placed in us. Your support enables us to pursue our mission of backing talented founders and building meaningful businesses, and we are committed to delivering strong returns on your investments. We value your partnership and look forward to working together to create value for all stakeholders.
We are excited to embark on this journey and to collaborate with the web3 community to help shape the future of the digital economy. We believe that the potential of web3 is limitless, and we are committed to helping it reach its full potential.
To follow our journey and the companies we invest in, please subscribe to our newsletter in the bottom section.