TechFlow news — gaming giant Ubisoft, as a major investor, is backing White Star Capital's second crypto-focused venture fund, contributing approximately $60 million to the fund, which aims to raise $120 million. Other investors in the new fund include family offices and high-net-worth individuals.
Sep Alavi, General Partner at White Star, said the second digital assets fund will target startups working on the "mass adoption cycle" of blockchain technology, with a focus on DeFi and gaming. The fund plans to invest between $1 million and $7 million per company, aiming to support 20 to 25 companies across North America, Europe, and Asia.
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