AV’s Spring 2022 Blockchain Fund Timeline
Investors in the fund will own a diversified portfolio of ~20-30 disruptive blockchain ventures
MANCHESTER, NH, JUNE 8, 2022 — Alumni Ventures (AV), one of the world’s most active venture capital firms, recently announced a second annual vintage of its Blockchain Fund to meet investor demand. AV’s fall 2021 Blockchain Fund was one of its largest fundraises to date, and the firm had to establish a waitlist to accommodate interest. AV’s spring 2022 Blockchain Fund will allow additional accredited investors to own a diversified portfolio of venture-backed companies using blockchain technology to innovate across industries.
Gartner projects that businesses will gain $360 billion in value by 2026 thanks to blockchain-based projects — rising to $3.1 trillion by 2030. This includes new ventures in Web3 infrastructure and services, decentralized finance, the metaverse, NFTs, and opportunities in related blockchain and existing sectors like fintech, retail, and supply chain solutions.
AV’s new spring Blockchain Fund will be led by Managing Partner Edward Tsai, an experienced investor in the U.S. and China, who previously served as Director of Investments at enterprise security company Qianxin.
The firm’s fall Blockchain Fund team will continue to be led by Managing Partner Ray Wu, a seasoned VC with experience investing across a wide range of industries and geographies. Following a decade in the corporate venture space, Wu most recently worked as a partner and adviser at several global venture funds focusing on investment opportunities across the U.S. and Asia Pacific.
“Our Blockchain Fund teams are bringing their own networks and pools of capital to the table to enhance AV’s ability to access high-potential blockchain opportunities,” Wu added. “While we expect some portfolio synergy, these are two separate funds with different teams, advisory boards, and ecosystems — offering our community greater access to investment opportunities.”
This spring fund is AV’s third Blockchain Fund vintage overall and is open to accredited investors through June 30. The fund has an investment minimum of $25,000 and is halfway to its limit of 249 accredited investors.
“The potential of blockchain goes far beyond Bitcoin and other cryptocurrencies — and this fast-moving, explosive space commands attention,” said Mike Collins, Founder and CEO of Alumni Ventures. “Our Blockchain Fund offers investors a chance to own difference-making ventures using blockchain technology to change how business is conducted.”
To learn more about Alumni Ventures’ Blockchain Fund, click here.
About Alumni Ventures
Alumni Ventures offers accredited individuals access to network-powered venture capital — a key asset class missing from the portfolios of many sophisticated investors. Since launching its first venture fund in 2014, AV has raised more than $1 billion across two dozen Alumni and Focused Funds, serving a growing network of 8,000 investors and 600,000 community members and subscribers. AV evaluates hundreds of opportunities every year and has invested in over 1,000 unique portfolio companies. In 2021, PitchBook ranked AV as the third most active VC firm in the world. AV funds are private, for-profit, and not affiliated with or sanctioned by any school. For more information, visit av.vc.
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