San Francisco- and Tokyo-headquartered gumi Cryptos Capital (gCC), a venture capital firm that focuses on blockchain startups, said it has launched a new $110 million early-stage fund.
The venture capital firm’s second fund aims to back approximately 50 blockchain companies in the early stage from pre-seed to seed, managing partner of gCC Rui Zhang told TechCrunch. Industries include blockchain games, infrastructure, web3 applications, tools, DeFi (decentralized finance)/CeFi (centralized finance), DAOs and guilds. The check size will range between $500,000 to $5 million per investment through initial and follow-on investments. The second fund of gCC will invest in both equity and tokens …
