The Netherlands-based crypto investment firm Maven 11 Capital announced on Thursday that it has secured roughly $120 million for its new investment vehicle ‘Venture Fund II’.
The company mainly invests in DeFi and Web3.0 apps and raised over $40 million in June of this year. Maven 11 Capital used the funds to invest in more than 28 crypto-related projects. It was also the lead investor for data oracle service RedStone and metaverse stack firm Odyssey this year.
So we did a thing….
It's probably nothing.
— Maven 11 Capital (@Maven11Capital) December 2, 2021
“The abundance of capital in the industry right now means you have to bring far more to the table. The example of our involvement in Maple Finance in bootstrapping the liquidity on their protocol shows how we can do this. We always take a fit-for-purpose approach, as every founder and project has different needs.” said Balder Bomans, Partner at Maven 11 Capital.
Since June, the firm has invested in popular projects, such as Merit Circle, Maple Finance, Anoma, Zapper, Celestia, Qredo, Nym Technologies, and Spectral Finance. In addition, Maven’s portfolio also includes investments in DeFi projects such as Aave, Alchemix, Elrond, OlympusDAO, Uniswap, and Yearn Finance.
Maven also contributes to the growth of the DeFi protocol in which it is invested. For instance, it acts as manager of the lender and borrower of Maple Finance’s fund pool, and has raised $15 million for Maple Finance.
The company is highly bullish on the efficiency of DeFi, and said that it will consider investing in not only DeFi but also Metaverse infrastructure projects as well.