White Star Capital, a venture capital firm, has raised $150 million for the second Digital Asset Fund (DAF II).
The structure will focus on investments in cryptocurrency networks, Web3 startups, DeFi and blockchain gaming.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
DAF II's lead investor has been gaming giant Ubisoft.
The fund intends to invest between $1 million and $7 million in tokens and shares of 20 to 25 companies, mainly from North America, Europe and Asia.
According to the press release:
"The DAF investment team takes a deeply research-driven approach and applies both a crypto native and traditional VC lens to partner with founders across Seed, Series A, and token rounds."
The company’s first DAF has invested in 20 companies since its creation in 2020, including Ledn, ALEX, Multis, ParaSwap, Exluble and Rally.