Venture firm Infinity Ventures Crypto recruited Animoca Brands and Circle on its way to closing the oversubscribed fund.

Digital entertainment and blockchain technology developer Animoca Brands and payments services provider Circle have backed Taiwan-based venture capital firm Infinity Ventures Crypto (IVC)’s maiden fund, which closed yesterday with $70m in commitments.

Venture capital firm Digital Currency Group also supplied capital for the vehicle, which is focused on investments in gaming finance (GameFi), decentralised finance (DeFi) and Web3 technology, an iteration of the internet centred on the blockchain.

IVC has already invested in 78 portfolio companies since it was founded…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.