1RoundTable Partners Seeks to Raise $800 Million for Growth-Stage Startups Fund

1RoundTable Partners (1RT) aims to raise up to $800 million for a new venture fund focused on supporting growth-stage startups.

Digital Asset VC firm, 1RoundTable, aims to raise $800M for its growth-stage fund.

🎯 Focus Areas: Infrastructure, Blockchain, Financial Services, Web3 Gaming, NFTs, and the Metaverse

1RoundTable Partners (1RT), a digital asset-focused venture capital firm, is on a mission to raise up to $800 million for a new venture fund aimed at supporting growth-stage startups. With a minimum target of $200 million, the fund is expected to close in March, according to a report by TechCrunch. This move comes as an effort to invigorate the crypto industry, which has faced some challenges in recent years.

🔮 Optimism in the Crypto Industry 🔮

Despite the hurdles encountered by the crypto industry, Dan Tapiero, CEO, CIO, and Managing Partner of 10T Holdings and 1RoundTable Partners, remains optimistic about its future. Tapiero’s sentiment is noteworthy, given the impressive investments his firm has made in the industry. 10T Holdings currently manages over $1.2 billion in assets and counts leading crypto players, including Gemini, Kraken, Yuga Labs, and Animoca Brands, among its portfolio companies.

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Tapiero emphasizes that the current market presents excellent opportunities for investing in companies. Prices in the secondary market have reportedly declined by 50% to 80% compared to previous rounds, even for companies that are performing well. In his words, “It’s the single best time to invest in companies.”

💡 1RT’s Approach: Long-Term Stability 💡

With their new fund, 1RT aims to take a long-term and less volatile approach. The fund will primarily focus on growth-stage startups in three key areas: infrastructure, blockchain, and financial services. It will also explore smaller categories such as Web3 gaming, non-fungible tokens (NFTs), and the Metaverse. The aim is to make 10 to 15 strategic investments, potentially securing 5 to 10 board seats across 1RT’s portfolio companies.

However, 1RT’s investment strategy isn’t limited to backing companies alone. They also express intentions to “potentially bring more developed companies public.” This means that going public could be a possibility for some of the companies under 1RT’s wing, offering them even more growth opportunities and exposure.

🚀 Investment Opportunities and the Future Outlook 🚀

1RT’s upcoming fund presents an exciting opportunity for both investors and startups in the crypto space. With the current market landscape being relatively open, there is immense potential to capitalize on discounted prices in the secondary market. The fund has attracted significant interest from large players like family offices, sovereign entities, and national entities, who are eager to gain exposure to the crypto industry.

While the focus is on growth-stage startups, the inclusion of Web3 gaming, NFTs, and the Metaverse aligns with the industry’s latest trends. These sectors have gained substantial attention and popularity, making them highly appealing investment prospects. By strategically investing in these areas, 1RT aims to be at the forefront of the evolving digital landscape.

💭 Q&A: Addressing Reader Concerns and Curiosity 💭

Q: What is the significance of growth-stage startups? A: Growth-stage startups represent companies that have already shown promising signs of success and are ready to expand their operations. Investing in these startups allows for potential higher returns as they continue to grow at an accelerated pace.

Q: How does 1RoundTable Partners differ from other venture capital firms? A: 1RT stands out due to its focus on digital assets, particularly in the crypto industry. With their extensive experience and broad network, 1RT has the potential to provide valuable insights and support to the companies they invest in, especially in navigating the complex world of blockchain technology and financial services.

Q: What is the Metaverse, and why is it an attractive investment category? A: The Metaverse refers to a virtual universe where users can interact, socialize, and engage in various online activities. It presents exciting possibilities for immersive experiences and new business models. Investing in the Metaverse offers the potential for substantial growth, given its rising popularity and the increasing demand for virtual experiences and digital assets.

📚 Further Reading 📚

To delve deeper into the world of blockchain technology, financial services, and the latest trends in the crypto industry, check out these informative resources:

1. TechCrunch: Stay updated on the latest tech news, including the blockchain, startups, and venture capital.
2. Crunchbase: Explore investment data, fundraising trends, and company information in the crypto space and beyond.
3. Gemini: Discover one of the leading cryptocurrency exchanges trusted by millions of users worldwide.
4. Kraken: Learn more about this prominent cryptocurrency exchange platform with a wide range of trading options.
5. Yuga Labs: Dive into the world of Web3 gaming and experience innovative and entertaining decentralized games.
6. Animoca Brands: Explore the expanding universe of blockchain-based games and digital collectibles produced by this pioneering company.

📢 Let’s Connect and Share the Excitement! 📢

We would love to hear your thoughts on 1RoundTable Partners’ ambitious venture fund and the potential it holds for the crypto industry. Share this article on your favorite social media platforms and join the discussion with fellow cryptocurrency enthusiasts. Together, let’s uncover the possibilities of the digital future!

Original Source: TechCrunch

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