- BFF will use the funds to support early-stage, high-potential firms
- BFF has scaled 100+ portfolio firms focused on the Web3 landscape
Enterprise crypto and blockchain solution leader Ripple announced a strategic investment into Blockchain Founders Fund (BFF), an early-state VC fund based in Singapore, which focuses on top-grade Web3 startups around the world.
The investment is aimed at speeding up adoption of blockchain technology across the globe. BFF will use the funds to support early-stage, high-potential firms, whose infrastructure and products aim to enable a smoother transition to a decentralized future.
Eyeing growth potential
Ripple’s support will help BFF continue to invest in a large number of companies with compelling growth potential and strong founders. Support for existing portfolio companies that have already left a legacy in the space will continue as well. These include top NFT games like Splinterlands, Krayon, Dogami, Altered State Machine, LunarCrush, and Magna.
Ripple Senior VP Brooks Entwistle said:
It's clear that blockchain technology can transform industries. We want to see startups unlock the potential of blockchain technology, and are excited to partner with Blockchain Founders Fund to accelerate startups that are creating world-class products with real-world utility for the global market.
BFF Managing Partner Aly Madhavji added:
We are extremely grateful for the support received from one of the most prominent players in the industry. We are at the forefront of this revolution and this partnership with Ripple will further drive the next generation of entrepreneurs and expand their businesses into new markets.
BFF enjoys support from key investors, industry leaders, and major financial institutions. The fund has proven its ability and means to scale startups with more than 100 portfolio companies mainly focused on the Web3 landscape.
By investing in BFF, Ripple is moving towards accelerating blockchain tech adoption all over the world. The partnership pledges to drive support for web3 companies and foster innovation by harnessing the potential of early-stage actors in crypto and the Web3 space.
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