Deal Roundup: Bitget builds $100m Web3 fund

Apr 10, 2023 • Edison Fu

Bitget’s Asia-focused BitGet Web3 Fund has been equipped with $100m while Hype has received $10m in a series A round featuring Bloomberg.

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Funds

Singapore-based crypto derivatives exchange platform Bitget has formed Bitget Web3 Fund, equipped with an initial capital of $100m. The fund will target Web3-focused projects and funds, especially those based in Asia.

Chinese insurance provider China Pacific Insurance Company has launched two cryptocurrency-themed funds, having joined forces with blockchain investment firm Waterdrip Capital. Pacific Waterdrip Digital Asset Fund I will invest…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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