SevenX Ventures, an Asia-based blockchain fund, recently announced that it raised $ 30 million in the second phase of its fund. That development came on August 16, when SevenX added LPs from family offices, hedge funds, blockchain industry veterans, and internet companies to its list. The companies announced they are moving towards Venture Fund II, which will specifically focus on DeFi, NFT, WEB3.0, Polkadot Ecosystem, NEAR Ecosystem and the new ecology of the data storage paradigm advocated by Arweave.
Needless to say, since its inception in 2020, crypto investment firm SevenX has focused those investments on the benefits of multiple companies, including DODO, YGG, and Acala, among others. With the help of financing from SevenX Ventures, these companies have experienced immense growth. In the very first year, SevenX’s first financing phase was increased by a factor of 20, breaking a new record.
Overview of the SevenX Ventures portfolio
SevenX seeks long-term value projects that can improve the real world with long-term development thinking and an underlying logic perspective. There are a number of success stories in the SevenX portfolio and the following statistics illustrate some of these results:
• In the DeFi area, SevenX is one of the first investment funds specializing in DeFi to be an angel investor in Opium, Shield, Kine, InsureAce and DODO. In addition, they were also the first investor in Furucombo and had made a strategic investment in Zerion in 2020;
• In the NFT area, SevenX implemented a matrix layout using its own logic framework. Starting with the core technology system, it ran the Rangers Protocol investments with Framework and Pantera and then invested in NFT Alchemy;
In the middle layer (content and application layer), SevenX invested in MintGate, BeeperDAO and ShowMe; While SevenX invested in Taker and NiftyPay in the upper tier of “NFT + DeFi”.
In the top layer of the wallet’s traffic, SevenX also invested in Blocto, YGG and Whaleshark – one of the world’s largest collectors’ communities. In addition, SevenX also invested in MYNFT, a connection platform with east and west builders.
• With regard to Arweave, SevenX has been investing in this area since 2020 as a pioneer. “There will be an extraordinary wave of breakthroughs in the Arweave ecosystem in the years ahead,” said Eraser Li, founding partner of SevenX Ventures. Koii and Everpay build a memory-based computation paradigm based on Arweave; ARGO, the provider of no-app augmented reality solutions, enables developers to deploy DAPP instantly in AR, while ArDrive enables customers to use AR as their own data storage solution as easily as using an internet network hard drive. This is the SevenX portfolio.
Immersion investments
The blockchain ecosystem is highly autonomous and for a startup to grow under such uncertain conditions, funding is not the “all-rounder”. Blockchain startups need a lot more than just money – they need the resources, tools, and knowledge necessary to execute plans and strategies. This is where the role of SevenX comes into play.
SevenX not only offers blockchain startups with the money, but also strategic consulting services. The entrepreneurs get the opportunity to understand the industry as an omniscient spectator – an outside view. In addition, SevenX tries to understand the problems and challenges of entrepreneurs and to find solutions and opportunities accordingly. And here SevenX offers all-round help, which is why SevenX has developed an “immersion investing” strategy.
The team’s drive to provide growth opportunities and nurture entrepreneurs has helped shape its “immersion investment” strategy. Take DODO as an example, a decentralized exchange platform based on the Proactive Market Maker (PMM) algorithm. As an angel and private round investor, SevenX has provided DODO advisory services including strategy, community, fundraising and token business design. Just a year after the product was launched, it is among DEX’s top 15 trading volumes. SevenX also supported Maskbook in the world market associated with leading crypto funds; helped Darwinia reposition itself as “Polkadot’s Golden Gate Bridge” to increase market awareness.
I’m looking forward to
The rise of every industry has been thanks to the efforts of countless entrepreneurs, and SevenX Ventures will continue to benefit from the next wave of crypto innovators and entrepreneurs. In doing so, SevenX Ventures recognizes everyone’s efforts and welcomes more and more entrepreneurs to join the SevenX family and be part of the wondrous change the world is currently experiencing.
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