Gumi Cryptos Capital Raises $110M to Invest in Blockchain Startups

What Does the Funding Round Aim to Achieve?

This is the second fundraised by the venture capital firm to support 50 blockchain companies in their early stages, announced managing partner Rui Zhang. These startups will consist of blockchain games, infrastructure, DeFi, tools, Web3 applications, DAOs, and guilds. 

Miko Matsumura, the managing partner notes that we lead lives in an experimental age where existing institutions and infrastructure are failing us and the way forward is experimenting. 

“Tokens represent monetary experimentation powering Web3, DAOs, and guilds are governance experiments. NFTs are experimental digital assets are metaverse is a collection of experimental realities.”

Earlier this week, Miko Matsumura announced the launch of their $110 million funding on Twitter.

Gumi Cryptos Partnerships and Investments

The first funding round of the blockchain investment fund was for $21 million and Gumi had partnered with OpenSea, Yield Guild Gaming, Celsius Network, Qredo, Agoric, Astar, 1inch, and VEGA for the same.

In the second funding round, the venture capital firm has partnered with a Japanese game company gumi, Shinsei Bank, Cygames, Mistletoe Venture, Marui Group, GMP Capital, and the blockchain scaling platform, Polygon. 

Rui Zhang adds that the second fund has made 9 investments with the support of Proof of Learn, XY Finance, Solve Finance, and Alliance Labs. It must be highlighted that Gumi Crypto will be invested $500,000 to $5 million for each blockchain startup in its early stages.