Miguel Cordon · · 1 min readSingapore crypto-focused VC raises $100m for third fund
NGC Ventures, a Singapore-based VC fund focused on crypto, has raised US$100 million for its third blockchain fund from backers such as Huobi Ventures, Nexo Ventures, Altonomy, GBIC, and Babel Finance.
Photo credit: 123.rf
The fund will focus on early-stage Web3 projects in areas such as decentralized finance, blockchain-based gaming, NFTs, and the metaverse. In addition to funding, NGC will provide these projects with access to resources, including advice on tokenomics, influencer profiles, social platforms, launchpads, legal firms, market makers, exchanges, and ecosystems.
With the new fund, NGC also aims to connect founders to its global investor network, leveraging its presence in the crypto landscapes of Singapore, China, the US, and the UK.
See Also: Capital SEA: Southeast Asia’s funding landscape (updated 25 May 2022)
“Despite the systematic market slowdown globally, we continue to see the emergence of high-potential projects that are set to shape the next era of Web3,” said Roger Lim, NGC Ventures’ general partner.
Founded by Lim in 2017, NGC has made early investments in startups such as Everyrealm, VR Jam, and EthSign.
Editing by Samreen Ahmad and Joy Tirkey
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