Paper Ventures, a company on a mission to build up Web3 from the bottom-up, has joined hands with prominent members of the blockchain industry, to create a new venture fund. The company has set up an initial $25 million fund to support web3 and blockchain startups in their early stages. In addition to providing funding, the founders of Paper Ventures have stated their desire to support and nurture outstanding ventures they come across.
The trio of Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, who founded Paper Ventures, have decided to cap their fund to $25 million. They aim to direct their resources into early-stage startups, that they believe can make the greatest impact. The original $25 million fund was established with the help of traditional hedge firms, family offices, exchanges, founders, and other ultra-wealthy crypto visionaries.
Paper Ventures founder Oliver Blakey said: “We are more than just investors. Our mission at Paper Ventures is to be at the very forefront of innovation, fostering groundbreaking ideas that redefine the boundaries of technology and finance.”
Paper Ventures is eager to back innovative projects, and its founders will do all they can to help the creative brains behind these projects so that they can reach new levels of success. The company’s founders believe that decentralised technologies have the potential to unlock wealth in a variety of industries.
The founders share a commitment to bolstering hidden initiatives with the potential to shape the digital world of future, the seasoned founders will be working together with a shared passion. This will enable them to support entrepreneurs with innovative ideas, speed up the development of game-changing technology, and propel the next great change.
This post was last modified on Jan 22, 2024, 15:00 GMT 15:00