Pluto Capital, a Singapore-based blockchain venture capital firm, closed its new Crypto fund, at USD30m.
The fund will provide seed funding and incubation to early stage blockchain related projects, bringing new opportunities to investors into a diversified, institutional-quality portfolio of digital assets.
Pluto Capital offers investment insights, incubation capabilities as well as close partnerships with top global institutions to its investors. It will utilize its incubation ability to cultivate its portfolio companies with modules including business transformation, human capital management, follow-on investment, and investment partnerships in an effort to maximize investment returns.
The vehicle will be sensitive to changes in trends by continually monitor and analyze global macro market’s economic drivers in the blockchain sector.
The firm’s core investment team consists of a group of experienced professionals with extensive blockchain investment record from global financial institutions such as Goldman Sachs, SoftBank and PIMCO. One of its LPs is LI Chen, a Managing Partner of investment vehicle Youbi Capital.