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January 22, 2024
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Unveiling Paper Ventures’ Astounding $25M Blockchain VC Escapade

Paper Ventures, a new blockchain venture capital firm, has launched a $25 million fund for early-stage blockchain startups. The founders of the firm, Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, bring extensive experience in Web3 investments and aim to provide not just capital, but also resources and connections for the success of their portfolio projects. The fund was raised with the participation of traditional hedge funds, family offices, exchanges, founders, and other high-net-worth individuals in the crypto industry. Paper Ventures plans to invest in a wide range of sectors, including games, and believes there is still a large opportunity in the early stages of the blockchain industry. The founders see a gap in seed-stage funding and aim to provide support for founders just starting out.

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