White Star Capital, a multi-stage technology venture capital investment platform that backs founders building global businesses, has closed its second digital asset fund.
The fund, which will continue to invest in crypto-networks and early-stage blockchain-enabled Web3 businesses, with a focus on DeFi and Gaming, is backed by major institutional investors and corporations including Ubisoft as an anchor LP.
White Star Capital said the DAF investment team takes a deeply research-driven approach and applies both a crypto native and traditional VC lens to partner with founders across seed, Series A, and token rounds.
Since raising its first digital asset fund in 2020, White Star Capital has successfully invested in 20 companies across seven countries including Ledn, ALEX, Multis, Paraswap, Exlusible, and Rally, to name a few.
The digital asset fund (DAF II) will deploy between $1m and $7m in token and equity investments into 20 to 25 companies with a core focus in North America, Europe, and Asia. The fund is run by managing partner Sep Alavi and is supported by Eddie Lee and Luke Xiao in New York, Florent Jouanneau in London, Sanjay Zimmermann in Toronto, and Dimitri Nitchoun in Paris.
Alavi said, “Through our new fund, we’re looking forward to continuing to back a new generation of visionary founders building tomorrow’s greatest Web3, DeFi, and Gaming companies as they unlock the new internet of value for billions of people around the world.”
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