Ripple invests in BFF’s Fund II to support Web3 and crypto startups globally
Ripple, a leader in enterprise blockchain and crypto solutions announced that it has made a strategic investment into Blockchain Founders Fund (BFF), a Singapore-based early-stage Venture Capital Fund that focuses on top-tier Web3 startups globally. The investment is part of Ripple’s efforts to accelerate the adoption of blockchain technology globally. The funding will be used by BFF to support high-potential early-stage companies that are building the infrastructure and products that will streamline the transition to a decentralized future.
Blockchain Founders Fund is backed by industry leaders, investors, and family offices, including leading financial institutions. With over 100 portfolio companies predominantly focused on the Web3 landscape, BFF has proven to be an industry-leading venture capital fund with the means and expertise to scale startups.
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Furthermore, the support from Ripple will help BFF’s ability to invest in a wide range of companies with strong founders and compelling growth potential, while continuing to support existing portfolio companies that are already making its mark in the industry such as Splinterlands, Dogami, Krayon, Altered State Machine, Magna and LunarCrush.
Brooks Entwistle, Senior Vice President and Managing Director at Ripple commented, “It’s clear that blockchain technology can transform industries. We want to see startups unlock the potential of blockchain technology, and are excited to partner with Blockchain Founders Fund to accelerate startups that are creating world-class products with real-world utility for the global market.”
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Aly Madhavji, Managing Partner of Blockchain Founders Fund said, “We are extremely grateful for the support received from one of the most prominent players in the industry. We are at the forefront of this revolution and this partnership with Ripple will further drive the next generation of entrepreneurs and expand their businesses into new markets.”
Through its investment in BFF, Ripple is making a significant move towards accelerating the adoption of blockchain technology worldwide. By unlocking the potential of early-stage companies in the Web3 and crypto space, this partnership between Ripple and BFF promises to drive innovation and support web3 entrepreneurs who are shaping the future of decentralized technologies.
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