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

The company will deploy between $1 million and $7 million in token and equity investments into 20 to 25 companies.

By Camomile Shumba

Updated May 11, 2023, 6:03 p.m. Published Apr 11, 2022, 3:10 p.m.

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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Ubisoft white star capital Venture Capital Metaverse Web 3.0 Funding

Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.