{"id":12548,"date":"2023-11-11T09:58:46","date_gmt":"2023-11-11T09:58:46","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/maven-11-targets-100-million-in-funding-for-third-crypto-venture-fund\/"},"modified":"2023-11-11T09:58:47","modified_gmt":"2023-11-11T09:58:47","slug":"maven-11-targets-100-million-in-funding-for-third-crypto-venture-fund","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=12548","title":{"rendered":"Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund"},"content":{"rendered":"<div>\n<figure id=\"attachment_129809\" aria-describedby=\"caption-attachment-129809\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-129809\" class=\"wp-caption-text\">Source: Adobe \/ Sutthiphong<\/figcaption><\/figure>\n<p>Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million.<\/p>\n<p>This research-driven fund will aim to invest in early-stage crypto projects that align with Maven 11\u2019s mission to \u201credefine ownership,\u201d according to a press release from the firm.<\/p>\n<figure id=\"attachment_129808\" aria-describedby=\"caption-attachment-129808\" style=\"width: 1748px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-129808\" class=\"wp-caption-text\">Maven 11 press release. Source: Maven 11 \/ LinkedIn<\/figcaption><\/figure>\n<p>Already, one-third of the fund has been committed by limited partners (LPs), and Maven 11 anticipates completing the fundraising by the first half of 2024.<\/p>\n<p>In a statement, Balder Bomans, Managing Partner and Chief Investment Officer at Maven 11, expressed strong confidence in the potential of crypto, saying the sector is \u201con a path to radically change how we transact and trade in an ever more digitalizing world unlocking value for the everyday user.\u201d<\/p>\n<p>The announcement follows the successful launch of Celestia, Maven 11\u2019s initial venture investment, which the firm said has introduced the world\u2019s first modular blockchain network.<\/p>\n<h2>Maven 11\u2019s thesis and research-driven approach<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Joining the third venture fund as a new General Partner is Mathijs van Esch, who has been with Maven 11 since 2017.<\/p>\n<p>Van Esch emphasized the fund\u2019s commitment to a heavily thesis and research-driven approach, seeking to partner with founders who challenge the status quo.<\/p>\n<p>Maven 11 has been actively investing in the blockchain industry since 2017, supporting notable projects like Celestia, Risc Zero, Lagrange, Gensyn, and Merit Circle, and the firm is known for its dedication to building early-stage ecosystems.<\/p>\n<h2>\u2018Unique ability to identify important innovation\u2019<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Ruud Smets of Theta Capital Management, one of the largest institutional allocators in the blockchain industry, expressed excitement about being an anchor investor in Maven 11\u2019s third fund.<\/p>\n<p>\u201cMaven 11 has demonstrated its unique ability to identify important innovation early on, to deeply understand and contribute to the industry research and to work in a highly constructive manner with founders,\u201d Smets said.<\/p>\n<p>Theta Capital Management has invested over $600 million in crypto-native venture capital funds since 2017.<\/p>\n<p>A portion of the new fund will be allocated to support builders in Maven 11\u2019s Modular Program, aiming to recruit founders developing applications in the emerging modular blockchain ecosystem.<\/p>\n<p>Among other things, the program seeks to provide support to individuals with innovative ideas for applications and protocols, building on so-called rollup technologies.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/maven-11-targets-100-million-in-funding-for-third-crypto-venture-fund.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-12548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund | inFundPros<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million. 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