Skyland Ventures Raises $38 Million for Web3 Fund with SBI Group as New Investor

On April 14th, Japanese venture capital firm Skyland Ventures announced that its Web3 fund, called “Skyland Ventures No.4 Fund,” had completed a total fundraising of 5 billion yen (approximately $38 million), with SBI Group participating as a new investor.

Skyland Ventures’ Web3 fund completed approximately $38 million fundraising, with SBI Group participating

Skyland Ventures, a Japanese venture capital firm, announced on April 14th the successful completion of fundraising for its Web3 fund, the Skyland Ventures No.4 Fund, and secured a total of 5 billion yen (approximately $38 million) from investors. The SBI Group became one of the new investors in this fund. This article will provide an overview of the Web3 fund, Skyland Ventures, the partnership with SBI Group, and what it could mean for the future of the blockchain industry.

What is the Skyland Ventures No.4 Web3 Fund?

The Skyland Ventures No.4 Fund is a venture fund focused on the Web3 ecosystem, which includes blockchain, cryptocurrency, and decentralized finance (DeFi). The fund aims to invest in promising startups and projects in these areas and build a strong ecosystem around Web3 technologies. The fund is managed by Skyland Ventures, a venture capital firm headquartered in Tokyo, Japan.

Who is Skyland Ventures?

Skyland Ventures is a venture capital firm that invests in early-stage startups in Japan and worldwide, mainly in the technology and digital infrastructure sectors. The firm was founded in 2017 and has since invested in over 30 startups, including some well-known names in the blockchain industry such as ChainGuardian, Anatha, and DODO. Skyland Ventures is committed to fostering innovation and entrepreneurship in Japan and beyond.

SBI Group Joins as New Investor

SBI Group, a Japanese financial services company, participated as a new investor in the Skyland Ventures No.4 Fund. SBI Group is no stranger to the blockchain industry, with its subsidiary SBI Holdings operating a cryptocurrency exchange, a blockchain accelerator program, and an investment arm focused on the sector. The partnership between Skyland Ventures and SBI Group is expected to bring valuable resources and expertise to the Web3 fund and create more opportunities for growth and collaboration in the blockchain ecosystem.

What Does the Future Hold for the Blockchain Industry?

The partnership between Skyland Ventures and SBI Group and the successful fundraising for the Web3 fund is a strong sign of confidence in the future of the blockchain industry. The use cases for blockchain and cryptocurrency technologies continue to expand, from payments and remittances to decentralized identity and supply chain management. The Web3 ecosystem, which includes DeFi, NFTs, and other innovations, presents even more opportunities for disruption and innovation.
The Skyland Ventures No.4 Fund will play a crucial role in supporting these developments and nurturing the next generation of blockchain startups. With the support of investors like SBI Group and the expertise of Skyland Ventures, the future of the blockchain industry looks bright.

Conclusion

The completion of fundraising for the Skyland Ventures No.4 Fund and the partnership with SBI Group marks an exciting milestone for the Web3 ecosystem and the blockchain industry as a whole. As more companies and investors recognize the potential of Web3 technologies, we can expect to see more innovation and adoption in the years to come. The goal of the Skyland Ventures No.4 Fund is to be at the forefront of these developments and support the entrepreneurs and startups driving them forward.

FAQs:

Q: What is the Skyland Ventures No.4 Fund?
A: The Skyland Ventures No.4 Fund is a venture fund focused on supporting the Web3 ecosystem, including blockchain, cryptocurrency, and DeFi startups.
Q: Who is Skyland Ventures?
A: Skyland Ventures is a venture capital firm based in Tokyo, Japan, that invests in early-stage startups in the technology and digital infrastructure sectors.
Q: Who are the investors in the Skyland Ventures No.4 Fund?
A: The Skyland Ventures No.4 Fund secured 5 billion yen in fundraising from various investors, including the SBI Group.