Asian Web3 company LongHash Venturesplans to raise $100 million in investment.
In the cryptocurrency sector, startups are multiplying and accelerating their development. LongHash, which has grown by receiving investments, stands out as one of these initiatives. LongHash, which has collected 15 million in its first fund, aims to have its second fund of $ 100 million.
LongHash’s Investment Plan Is Over $100 Million
LongHash plans to complete the $100 million investment by the end of 2022. LongHash Ventures Fund IIwill focus on pre-seeding Series A-stage initiatives that build the multi-chain web3 infrastructure.
LongHash Ventures Fund II was funded by Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe and MEXC, according to a statement. LongHash hopes its second fund will be as large as $100 million, but Emma Cui, LongHash’s CEO, has yet to specify the exact amount.
LongHash Ventures Fund II will fund web3 projects from pre-seed stage to Series A stage, with a focus on decentralized finance, NFT, blockchain-based gaming and those building multi-chain infrastructure for the metaverse.
