White Star Capital’s $30M Digital Asset Fund To Invest In Early-Stage Blockchain Startups

Venture capital investment platform White Star Capital has announced the first close of its new $30 million Digital Asset Fund.

White Star Capital is a global multi-stage technology investment platform that invests in exceptional entrepreneurs building ambitious, international businesses.

The company’s Digital Asset Fund will be run by New York based General Partner Sep Alavi and supported by Principals Thomas Klocanas in New York and Sanjay Zimmerman in Toronto. The fund will also benefit from White Star Capital’s extended team in London and Paris, as well as a network of venture partners in Tokyo, Hong Kong, San Francisco and Switzerland. The fund will invest in crypto-networks and blockchain-enabled businesses at each layer of the tech stack including protocols, infrastructure and applications. It will deploy between $500,000 and $2 million in initial investments into 15-20 companies with a core focus in Europe and North America. The team will take a research-driven approach to maximize returns through early access in both equity and tokens.

To date, the fund has made two investments: dfuse, a blockchain API company that helps developers build performant applications by organizing the world’s decentralized data; and Multis, a Y Combinator backed company, which offers “crypto-first” business banking accounts with an aspiration to bridge the gap between Decentralized and Legacy Finance.

“Digital Assets are gaining adoption, and venture valuations and token round distributions have rationalized, which is an attractive entry point,” said Alavi. “Incumbents are rapidly entering the space and embracing the next wave of innovation. At WSC Digital Asset, we are looking to partner with the next generation of startups building global networks and frictionless business models. We are actively interested in investing in crypto protocols, infrastructure and middleware, privacy, financial, gaming, and social use cases.”

“White Star Capital’s international footprint and network, as well as our team’s blockchain expertise position us well to make an impact in the digital asset sector,” said Eric Martineau-Fortin, Founder and Managing Partner of White Star Capital. “Our platform and network will give us access to exceptional deal flow from various companies across blockchain use cases.”