UK-based venture capital firm Northzone has announced that it has launched a $1 billion fund to invest in crypto startups.
According to Northzone’s statement on its official website on September 13, the London-based company has launched a $1 billion fund to invest in crypto, web3, and fintech startups.
From the partners of the company Wendy Xiao Schadeck told The Blockstated that web3 is the core industry for the firm but web3 and web2 will begin to converge during the funding cycle. Wendy, your projects It has high permeability and he mentioned that it is now difficult to decide where to stand in the definitions.
Wendy published at the beginning of 2018 crypto winter. “Crypto Investment Thesis” In his article, as Northzone Spotify, Avito and iZettle As a company that has already discovered internet giants such as in Web3 technologies He said he thought it was. The company passed 4 years then he continues on his way without changing his vision.
Xiao Schadeck, company in the right conditions. to DAOs He also stated that he would be open to investment (decentralized autonomous organization). In addition, the company’s investment in the NFT market nor is it explained. DeFi (decentralized finance) general views of the negativities faced during the development not affect Expressing that, Wendy said the company is considering investment opportunities in web3 and DeFi protocols such as Gro. they will continue told.
Wendy also stated that the company can start a crypto fund if the right conditions are met, even if they have the opportunity to trade crypto money with this fund, the possible strategy is to continue to invest in web3 projects and continue the projects. keep your tokens stated that it would.