Golden Gate Ventures launches US$10m blockchain fund
LuneX Ventures, targeted to be closed within the year, will invest in cryptocurrency and blockchain startups globally
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GOLDEN Gate Ventures (GGV), a Singapore-based venture capital firm that has invested in startups including Carousell, 99.co and MoneySmart, is launching a dedicated fund for blockchain investments.
Named LuneX Ventures, it is a new US$10 million fund that will invest in cryptocurrency and blockchain startups globally. The fund is targeted to be closed "within the year", and will be a separate fund from GGV's Fund 3, a US$100 million fund for South-east Asian tech startups that is targeted to be closed by the end of 2018.
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