White Star Capital, a global multi-stage technology venture capital investment platform, held the first close of its new $30M Digital Asset Fund.
The new fund will invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications.
The Digital Asset Fund will deploy between $500,000 and $2.0 million in initial investments into 15-20 companies with a core focus in Europe and North America.
To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts bridging the gap between Decentralized and Legacy Finance.
The Digital Asset Fund marks White Star Capital’s first specialty fund and will be run by New York based General Partner Sep Alavi and supported by Principals Thomas Klocanas in New York and Sanjay Zimmerman in Toronto.
Led by Eric Martineau-Fortin, Founder and Managing Partner, White Star Capital is a global multi-stage technology investment platform that invests in entrepreneurs building ambitious, international businesses operating out of New York, London, Paris, Montreal, Toronto, Tokyo, and Hong Kong.