Singapore, Singapore--(Newsfile Corp. - October 20, 2021) - SevenX Ventures, an Asia-based blockchain fund, recently announced that they had raised $30 million in the second phase of their fund. This development came on August 16 when SevenX was able to add LPs from the likes of family offices, hedge funds, blockchain industry veterans, and internet companies to their list. The firms said they would be moving towards Venture Fund II which will specifically focus on DeFi, NFT, WEB3.0, Polkadot ecosystem, NEAR ecosystem, and the new ecology of the data storage paradigm represented by Arweave.
Needless to say, since its inception in 2020, crypto investment firm SevenX has directed these investments towards the benefits of several companies including DODO, YGG, and Acala, among others. With the help of fundings coming from SevenX Ventures, these companies have seen immense growth. In their very first year, SevenX's first phase of funding saw a 20-fold increase, breaking a new record.
Mapping out SevenX Ventures' Portfolio
SevenX looks for long-term value projects that can make the real world better using a long-term development mindset and underlying logic perspective. There are a number of success stories among SevenX's portfolio and the following statistics demonstrate some of such outcomes:
In the middle layer (content and application layer), SevenX invested in MintGate, BeeperDAO, and ShowMe; Whereas in the upper layer of "NFT+DeFi," SevenX invested in Taker and NiftyPay.
In the top traffic layer of the wallet, SevenX also invested in Blocto, YGG, and Whaleshark- one of the world's largest collector communities, Moreover, SevenX also invested in MYNFT, an interconnection platform with East and West creators.
Immersion Investing
The blockchain ecosystem is highly autonomous and for a startup to grow in such uncertain conditions, funding is not the "do-all." Blockchain startups need much more than just money - they need the resources, tools, and knowledge necessary to execute plans and strategies. This is where the role of SevenX comes into play.
SevenX doesn't just provide blockchain startups with the bucks, but also strategic consulting services. The entrepreneurs get an opportunity to understand the industry as an omniscient spectator - an external view. Furthermore, SevenX attempts to understand the problems and challenges that the entrepreneurs face, thereby finding solutions and opportunities accordingly. And that's where SevenX provides all-around help and why SevenX has come up with an "immersion investing" strategy.
The team's bid to provide growth opportunities and foster entrepreneurs has helped shape its "immersion investing" strategy. Take DODO as an example, a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm. As the angel and private round investor, SevenX has provided DODO with consulting services, including strategy, community, fundraising, and token economic design. Just one year after the product's launch, it has become one of the top 15 trading volumes of DEX. SevenX also assisted Maskbook in the global market, connected with leading crypto funds; helped Darwinia reposition as "Polkadot's Golden Gate Bridge" to enhance market awareness.
Looking Forward
The rise of any industry is due to the efforts of countless entrepreneurs, and SevenX Ventures will further capitalize on the next wave of crypto innovators and entrepreneurs. In doing so, the crypto company appreciates the efforts of all and welcomes more and more entrepreneurs to join the SevenX family and be a part of the miraculous change that the world is witnessing at the moment.
Media Contact
Jenny Sun
E-mail: [email protected]
Twitter: https://twitter.com/SevenXVentures
Website: http://www.7xvc.com/
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