Blockchain Builders, a venture fund within the Stanford blockchain ecosystem, announced the closure of its $28 million Fund I, highlighting the growing interest in blockchain startups.
Closure of Blockchain Builders Fund
Blockchain Builders successfully closed its Fund I, raising $28 million from interested investors. This fund focuses on early-stage blockchain startups.
Investments and Project Submissions
The fund has already deployed over $16 million into 40 companies operating in various domains such as AI, infrastructure, DeFi, and blockchain technologies. Notable investments include companies like 0G, Nexus Labs, and Hyperbolic.
Future Developments and Expansion
Looking ahead, the fund plans to support new initiatives and collaborate with other universities. The team aims to expand its efforts by engaging with IC3-Cornell and other players in the blockchain ecosystem.
The closure of Fund I marks a significant achievement for Blockchain Builders and affirms their commitment to supporting startups in the blockchain space. The fund is expected to continue driving advancements in blockchain technology through new investments and collaborations.
