The blockchain growth fund under the venture capital firm Tykhe Block Ventures has completed a fundraising of 30 million USD

ChainCatcher news, venture capital firm Tykhe Block Ventures announced that its Blockchain Growth Fund has completed its first fundraising of $30 million, led by ultra-high-net-worth individuals and family offices from Southeast Asia and the Middle East, with Prashant and other investment partners contributing $5 million to the fund.

It is reported that the fund will allocate $10 million to invest in blockchain and Web3 startups in the Middle East and will establish an office in Dubai, aiming to expand the fund size to $100 million by the end of 2023. Tykhe Block Ventures' portfolio includes decentralized content sharing platform Creaton and NFT perpetual contract trading platform nftperp. (Source link)