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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.
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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