Berlin crypto investor Greenfield One launches second block chain fund
Greenfield One, a VC investor specialising in block-chain and de-fi start-ups, is planning a second fund with a target volume of EUR 50 million.
The Berlin venture capital investor Greenfield One is planning a second fund for block-chain and DeFi start-ups with a target volume of 50 million euros, Finance Forward said in a blog post on 9 December.
Bertelsmann on board
The investment company, which was launched in 2018, has already been able to win the venture capital arm of the Gütersloh media group Bertelsmann and the multi-family office from Hamburg Lennertz & Co. for its second fund in a first closing.
Lennertz & Co. already participated in the first fund of the Berlin-based company. As Greenfield partner Sebastian Blum pointed out to Finance Forward, „the interest of institutional Bitcoin Up investors has increased massively“. „When it came to crypto, many were extremely shy, but in recent months they are now coming out of the woodwork,“ the co-founder continues.
Blum is very optimistic for the future and expects further increasing interest from financial backers. They would understand „that the impact of blockchain technology will be even stronger than it was in the first and second Internet generation“.
Greenfield One’s current portfolio includes NEAR Protocol, Celo, Spacemesh, Vega, Multis, Arweave, Dapper Labs and 1inch with individual investments between 500,000 and 1.5 million US dollars. Nine of the ten investments were made by Greenfield One through token purchases and the acquisition of token rights in the form of „Simple Agreements for Future Tokens“ (SAFT).
Interest from institutional investors is increasing
Institutional investors have been showing increasing interest in the crypto sector for months. According to a study published in April, major investors are showing growing interest in trading crypto-derivatives in addition to risk investments such as those offered by Greenfield One.