Singapore-based, blockchain-focused accelerator LongHash Ventures has raised $15m for a fund with limited partners including HashKey Capital, a crypto investment subsidiary of automotive component producer Wanxiang, Tech in Asia has reported.
Blockchain-focused venture capital firm Fenbushi Capital and government agency Enterprise Singapore are also among the fund’s LPs.
LongHash runs an accelerator which has graduated some 30 blockchain technology startups that have collectively raised about $25m in funding. The new fund will back both companies and token offerings.
Emma Cui, LongHash Ventures’ co-founder and chief executive, was quoted by Tech in Asia as saying: “Blockchain is one of the most disruptive technologies in our generation and will have a far-reaching impact across all key verticals, with the financial industry reaping the most immediate benefits.”
