BlockBooster, a Hong Kong-based venture studio facilitating the development of protocols and software infrastructure in Web3, raised US$1.5M in Seed funding.
The round was led by OKX Ventures with participation from Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab, among others.
The company intends to use the funds to further enhance its access to investment opportunities of early-stage, quality projects and Web3 talent.
Founded by Samuel Gu, BlockBooster provides an incubation model that offers all-rounded support to high-quality projects, enhancing their success rates and reducing development cycles. By collaborating with established partners, it offers extensive, long-term support to select project teams on many different aspects, such as product design, go-to-market strategy, business development, talent recruitment, early-stage investment, as well as compliance and risk management.
Commenting on the news, Samuel Gu said: “We’re honored by the recognition and support from OKX Ventures, which is known as the investment arm of one of the largest Web3 ecosystems. OKX Ventures has continually shown its commitment to supporting Web3 entrepreneurs and builders. Driven by our shared vision, this collaboration will bring enhanced support for the community, fostering innovations that shape the future of Web3.”
FinSMEs
09/05/2024