Digital Asset Investment Company Maven 11 Capital has announced a $ 120 million round of funding for its Venture Fund II private equity fund, which will increase its financial presence in the emerging decentralized financial sectors (DeFi) and Web 3.0. The funding round was the result of a successful opening tax of $ 40 million in June.

Maven 11 Capital was founded in May 2017 and has invested in 27 companies exclusively in DeFi and Web 3.0. The company was a major investor in the private founding rounds of Data Oracle RedStone and the Odyssey meta-verse in July and November 2021, respectively.

Maven 11’s investment strategy focuses mainly on identifying new technologies. As such, the company has raised capital in a number of projects, including flexible cryptocurrencies Bitcoin (BTC) and Ether (ETH), as well as Aave (AAVE), Uniswap (UNI) and Yearn Finance (YFI). As more speculative positions in startup OlympusDAO, Nym Tech, Arweave and others.

The venture capital fund Maven 11 emphasizes investors’ growing appetite for finding and investing in new blockchains and cryptocurrencies. Former Wall Street veteran Matt Zhang has set up a $ 1.5 billion cryptocurrency fund dedicated to investing in promising blockchain technologies as well as trading in cryptocurrencies, Cointelegraph told Cointelegraph on Wednesday.

Source: CoinTelegraph