White Star Capital Raises $120M Crypto Fund for Metaverse Investments

Camomile Shumba

Updated 11 April 2022 at 11:10 am·1-min read

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White Star Capital raised $120 million for its second crypto fund investing in companies developing the metaverse.

The fund, DAF II, will invest in crypto networks, decentralized finance and gaming companies, it said in a press release on Monday.
It will deploy between $1 million and $7 million in token and equity investments into 20 to 25 companies across north America, Europe, and Asia.
Gaming giant Ubisoft is the anchor investor for the crypto fund.
In May 2021, New York-based White Star Capital raised $50 million for its first crypto and blockchain fund, also backed by Montreuil, France-based Ubisoft.

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