White Star Capital, a NYC-based multi-stage technology venture capital investment platform, closed its $50M Digital Asset Fund (DAF), a specialized fund investing in crypto-networks and blockchain-enabled businesses at each layer of the tech stack.
The fund is backed by major institutional investors and corporations, including Bpifrance and Ubisoft.
Led by Sep Alavi, General Partner, the Digital Asset Fund (DAF) will deploy between $500,000 and $3 million in initial investments into 15-20 companies with a core focus in North America and Europe. The team takes a research-driven approach to maximize returns through early access in both equity and token investments.
The fund has already made six investments, including dfuse, Multis, Paraswap, Rally, Ledn and Safello, a European crypto brokerage that went public on the Nasdaq First North stock exchange on May 12th.
The DAF marks White Star Capital’s first specialized fund, hyper-focused on blockchain technology and digital assets.
The team also includes principal investor Thomas Klocanas in NYC as well as Sanjay Zimmermann in Toronto.
FinSMEs
21/05/2021