The largest crypto fund in Europe is based in Berlin. The founders Jascha Samadi and Sebastian Blum want to shape the Internet of tomorrow.
The venture capital firm announced the closing of its third crypto fund valued at $ 160 million. So it made it Greenfield One to climb to Europe’s top position in less than four months – without any public funding.
The Berlin crypto fund, founded in 2018, aims to help shape Web 3.0 with a focus on Europe and to support developer teams in this project. The venture capital company emphasizes that it is particularly interested in crypto networks, “which build an open, decentralized and more robust architecture for the Internet of tomorrow”.
Sebastian Blum, co-founder and partner at Greenfield One, explained the strategy behind the Berlin crypto fund:
Greenfield One invests in teams that are working to change business models in a wide variety of areas. We have now won several traditional players as investors for our current third fund. They all share the goal of wanting to participate in the changes instead of being overrun by them.
Sebastian Blum, co-founder and partner at Greenfield One
Not the first crypto fund medal
According to the venture capital company, investments have already been made from the third fund. Accordingly, the money flowed, among other things, into the governance lending protocol paladin, DeFi protocol Brink and Darkblock, a protocol for rights management of NFTs.
The Berlin fund can put big names on its list of investors. While Bertelsmann Investments and family offices like Lennertz & Co. from Hamburg are among the existing customers, are now for example the telecommunications group Swisscom, CommerzVentures and Galaxy Vision Hill recently also there.
However, Greenfield One can already look back on some successes in the crypto space. The company’s second fund was therefore closed early, as a significant increase in the value of the portfolio was already recorded after the first investment. In addition, the Berlin fund has been in for a long time Celo and Flow invested. The latter was famous by the CryptoKitties and NBA top shot-Editor Dapper Labs developed.