The Dutch investment business, Maven 11 Capital, is made up of a diverse group of blockchain-focused entrepreneurs, investors, and developers that are seeking the next big crypto play.
Maven 11 Capital, a digital asset investment firm, has launched a $120 million capital round for Venture Fund II, its private investment arm, in a move that would expand the firm’s financial presence across developing areas such as decentralized finance (DeFi) and Web 3.0. The investment round follows a successful $40 million initial raise in June of this year.
Maven 11 Capital, which was founded in May 2017, has invested in 27 startups that are only focused on DeFi and Web 3.0. In July and November 2021, the firm was the lead investor in private seed rounds for data oracle service RedStone and metaverse stack business Odyssey, respectively.
Maven 11’s investment approach is mostly focused on spotting new technologies. As a result, the firm has invested in a variety of initiatives, including Bitcoin (BTC) and Ether (ETH), as well as Aave (AAVE), Uniswap (UNI), and Yearn Finance (YFI), as well as more speculative stakes in OlympusDAO, Nym Tech, and Arweave, among others.
Investor interest in spotting and investing in new blockchain and cryptocurrency opportunities is growing, as evidenced by Maven 11’s venture fund. Former Wall Street veteran Matt Zhang announced a $1.5 billion crypto fund on Wednesday. The firm would invest in promising blockchain bets as well as trade crypto assets. Zhang’s Hivemind Capital Partners is one of at least three multibillion-dollar crypto startup firms, with Andreessen Horowitz and Paradigm leading the way.