Crypto-focused venture capital firm 1RoundTable Partners raises up to $800 million for growth-stage startups
1RoundTable Partners, a crypto-focused venture capital firm, has recently announced its plans to raise up to $800 million for a new venture fund. This fund will primarily focus on supporting growth-stage startups in the infrastructure, blockchain, and financial services sectors. In addition, the firm also aims to invest in smaller segments such as blockchain gaming, NFTs, and the metaverse. Notably, 1RoundTable Partners has already attracted investments from significant players in the industry, including large family offices, sovereign entities, and national entities.
Optimism in the crypto market despite decline in funding
Despite the recent decline in funding for the crypto market, CEO Dan Tapiero of 1RoundTable Partners remains highly optimistic about the industry. According to Tapiero, now is the “single best time to invest in companies” due to the incredible deals available. In fact, prices in the secondary market are currently 50% to 80% lower than previous rounds, creating an excellent opportunity for growth equity investors to take advantage of these discounted prices.
Three major segments targeted by the fund
The new fund established by 1RoundTable Partners specifically focuses on three major segments within the crypto space: infrastructure, blockchain, and financial services. These segments are considered the backbone of the industry and offer highly promising investment opportunities. Additionally, the fund also aims to invest in smaller but emerging sectors such as blockchain gaming, NFTs, and the metaverse. These sectors hold significant potential and are expected to drive further growth in the crypto market.
Attracting major players in the crypto industry
Despite the current bear market conditions in the crypto space, 1RoundTable Partners has already received substantial interest from major players in the industry. Large family offices, sovereign entities, and national entities have eagerly invested in the fund, recognizing the long-term potential of the crypto market. These investors are seeking exposure to the industry through this fund, demonstrating their confidence in 1RoundTable Partners’ ability to identify promising startups in the crypto space. Despite market challenges, there are still ample opportunities to capitalize on the growth potential of crypto startups.
Funding and investments in the new fund
1RoundTable Partners has set a target of raising at least $200 million by the fund’s closure in March 2024. The fund has already received investments from backers and has made strategic investments in various projects. This strong start underscores the confidence that investors have in 1RoundTable Partners’ ability to identify and support promising startups in the crypto space.
Overall, despite the decline in funding for the crypto market, 1RoundTable Partners remains highly optimistic and sees great potential in growth-stage companies. The fund’s focus on the infrastructure, blockchain, and financial services sectors, as well as emerging sectors like blockchain gaming, NFTs, and the metaverse, positions it well to capitalize on the future growth of the crypto industry. With major investors already on board, the fund is off to a promising start and is poised to attract further investments as it progresses.
Analyst comment
Positive news. As an analyst, I predict that the market will see increased investment in growth-stage startups, particularly in the infrastructure, blockchain, and financial services sectors. The fund’s focus on emerging sectors like blockchain gaming, NFTs, and the metaverse will also drive further growth in the crypto market.
