#OP Crypto Raises $28 Million for Crypto Venture Capital

According to reports, cryptocurrency venture capital company OP Crypto has raised $28 million from 22 investors. Last year, OP Crypto announced that it was launching a $100 million fund called “OP Funds of Funds I” to support early crypto VCs.

Venture capital company OP Crypto has raised $28 million in funds

Cryptocurrency venture capital firm, OP Crypto, has recently raised $28 million from 22 investors, according to reports. Last year, the company announced the launched of a $100 million fund, “OP Funds of Funds I,” which seeks to support early crypto venture capitalists. This article will provide more insights on OP Crypto, its investment strategies, and the recent investment raised.
##OP Crypto: An Introduction
OP Crypto is a venture capital firm that covers investments exclusively in cryptocurrencies. As an investor, the firm targets early-stage blockchain companies, providing them with seed funding while also investing in Initial Coin Offerings (ICOs) and tokens. In most cases, OP Crypto invests at the pre-seed or seed stage of a firm’s growth, with the intent of helping them scale and connect them with other professionals in the industry.
The firm, which was launched in 2018, has a diverse portfolio that includes investments in several sectors, including DeFi, NFTs, Gaming, and Data Management. Additionally, the company has a substantial presence in Asia, where it has invested in numerous startups.
##OP Funds of Funds I
In 2020, OP Crypto launched a $100 million fund, OP Funds of Funds I, which was designed to support early-stage crypto venture capitalists. The fund, which is managed by OP Crypto, provides seed investments, typically between $50,000 and $250,000 range, to selected VCs focusing on the blockchain and cryptocurrency sector.
According to OP Crypto’s Founder and CEO, “We launched OP Funds of Funds I to provide a support system for nascent crypto VCs that, like any other asset class, needs skills and capital to deploy effectively.”
##Investment Raised
According to sources, OP Crypto has raised a whopping $28 million from 22 investors. Some of the investors who participated in the funding include experienced crypto industry leaders such as QCP Capital, BMC Ventures, and Block Dream Fund.
The funds raised will be added to the OP Funds of Funds I, and it is expected that the capital will be used to support emerging crypto venture capitalists globally. According to the firm, the fund has aims to create a sustainable ecosystem for blockchain and crypto startups, with an end goal of providing long-term access to venture capital funding.
##Conclusion
OP Crypto has established itself as a reputable player in the crypto venture capital space. The recent investment raised is an indication of the confidence investors have in the company’s strategy and the emerging crypto ecosystem. As the company continues to support early-stage crypto VCs, we can expect to see more innovative blockchain companies emerging from their portfolio.
#FAQs
###What is OP Crypto?
OP Crypto is a cryptocurrency venture capital firm that invests exclusively in cryptocurrencies, targeting early-stage blockchain companies.
###What is OP Funds of Funds I?
OP Funds of Funds I is a $100 million fund launched by OP Crypto in 2020 to support early-stage crypto venture capitalists.
###Who participated in OP Crypto’s $28M funding round?
Several experienced crypto industry leaders such as QCP Capital, BMC Ventures, and Block Dream Fund, participated in OP Crypto’s $28 million funding.
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