Gumi Cryptos Anounnces $110 Million Fund Backing Early-Stage Blockchain Startups

March 30, 2022, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm's second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC's initial $21 million fund that backed seed stage founders.

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​GCC has announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance (defi), game finance (gamefi), Web3, and other types of ideas being created by early-stage blockchain startups. 

GCC's announcement further details that Fund II will target software engineers, decentralized autonomous organizations (DAOs), guilds, and more "at any layer at the earliest stage and is chain-agnostic.""Fund II will invest in both equity and tokens," the announcement explains. "GCC expects to invest between $500,000 to $5 million per project through both initial and follow-on investments.”

Source: Bitcoin.com