Blockwall Management, a Bafin-registered asset manager, has closed its Blockwall Capital II fund.
The target volume for the venture capital fund, which invests in pioneering blockchain startups, is up to €50 million (£42.97). The final closing is scheduled for the end of 2021.
The new fund focuses on equity investments in early-stage startups that can advance tangible applications based on blockchain technology and thus add real value to businesses. The venture capital fund is to provide growth capital to up to 30 startup companies.
In response to the rapidly growing market demand for blockchain-based applications, the organisation has expanded its product portfolio with the venture capital fund, giving investors access to cutting-edge business models whose potential can be better exploited with the help of blockchain technology, sometimes in combination with other areas such as satellite technology or mobility.
Dominic Briggs, general partner at Blockwall, said: “Blockchain technology will continue to revolutionise the corporate world in the coming years. The technology is already indispensable today and more and more applications are coming to market.
“With our fund products, we offer our investors diversified access to the blockchain market and thus attractive investment opportunities. We draw our expertise from our first fund, which we dedicated to investments in blockchain technology. The crypto market is the best example of the added value that blockchain technology can provide.
“Now it is a matter of developing institutional solutions and making applications usable for companies. This will also help drive the digital transformation of corporates in Europe.”
In addition to entrepreneurs and family offices, institutional investors are also increasingly investing. Around 40 percent of the capital already raised was provided by investors who are already invested in Blockwall’s first fund.
Sylvie Mutschler-von Specht, one of the investors in the new fund with Mutschler Ventures AG, said: “We’re convinced that the blockchain topic will become increasingly important in the coming years. The fact that we are now again on board as an investor in the second fund underlines our confidence in the Blockwall team and the direction of the fund.”
Blockwall’s investment strategy is guided by the growing need for services within the blockchain ecosystem and the increasing demand for blockchain-based software from traditional companies.
The venture capital fund has already invested in two start-up companies. Xylene GmbH aims to create more transparency in supply chain management by combining blockchain and space technology. bloXmove is developing an integrated B2B mobility infrastructure based on a blockchain software platform originally developed by Daimler Mobility AG.
Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.