A New Fund is Set to Invest $100 Million in Digital Asset Startups

On March 30, it was announced that a Hong Kong fund named “ProDigital Future Fund” plans to raise $100 million this year to invest in digital asset startups, and has received a commitment of at least $30 million. The first round of investment includes Sunwah Kingsway Capital Holdings Ltd. and Golin International Group Ltd. The fund is led by Ben Ng, a venture partner at Asian private equity firm SAIF Partners, and Curt Shi, a long-term technology investor.

Hong Kong Fund ProDigital Future Fund plans to raise $100 million to invest in crypto startups

On March 30th, 2021, Hong Kong fund “ProDigital Future Fund” announced its plans to raise $100 million this year to invest in digital asset startups. The fund has already received a commitment of at least $30 million in its first round of investment, which includes Sunwah Kingsway Capital Holdings Ltd. and Golin International Group Ltd. ProDigital is led by Ben Ng, a venture partner at Asian private equity firm SAIF Partners, and Curt Shi, a long-term technology investor.

Why is This Important?

The announcement of ProDigital Future Fund’s launch comes at a time when the digital asset market is experiencing massive growth. Cryptocurrencies, in particular, have gained widespread popularity and have become widely recognized as a viable investment opportunity. Over the past few years, the digital asset market has witnessed significant advancements, with more and more startups coming up with innovative solutions.
Despite this growth, startups often struggle to secure the necessary funding required to develop and scale their products. Digital asset startups, in particular, face a unique set of challenges, including regulatory uncertainty, lack of infrastructure, and limited access to capital. The launch of ProDigital Future Fund is, therefore, an essential development for the digital asset market as it will provide startups with the necessary capital to build and grow their businesses.

The Investment Strategy

According to Ben Ng, ProDigital Future Fund seeks to invest in startups that offer innovative solutions and are at the forefront of digital transformation. The fund will primarily focus on startups involved in blockchain technology, fintech, and digital assets, with a particular emphasis on those based in Asia.
The fund’s investment strategy is to identify promising startups and provide them with much-needed capital and support to grow their businesses. ProDigital Future Fund combines the expertise of its experienced leadership team with their extensive network of industry players to provide startups with strategic advice, access to resources, and networking opportunities.

The Leadership Team

ProDigital Future Fund is led by Ben Ng and Curt Shi. Ben Ng is a venture partner at SAIF Partners, where he focuses on investments in technology startups. In his career, he has led several key investments in companies such as Dada-JD Daojia, Zhaogang.com, and Groupin.
Curt Shi is a long-term technology investor with over 15 years of experience in the industry. He is the founder of Investar Capital, a company that invests in early-stage technology startups. Prior to that, he held a senior management position at SoftBank Group, where he worked on several key technology investments.

Conclusion

The launch of ProDigital Future Fund is a significant development for the digital asset market. The fund’s investment strategy is targeted towards providing startups with the necessary capital and support to grow their businesses. The leadership team’s expertise allows for a unique mix of industry knowledge and investment experience, making the fund a valuable partner for startups looking to scale their businesses.

FAQs

Q1. Why is ProDigital Future Fund targeting digital asset startups?
A1. Digital assets, including cryptocurrencies, have become widely recognized as a viable investment opportunity. Despite this growth, startups in this sector often face unique challenges, including regulatory uncertainty, lack of infrastructure, and limited access to capital. ProDigital Future Fund seeks to address these challenges by providing capital and support to promising startups in this field.
Q2. What is the investment strategy of ProDigital Future Fund?
A2. ProDigital Future Fund’s investment strategy is to identify promising startups in digital assets, fintech, and blockchain technology and provide them with the necessary capital and support to grow their businesses. The fund places a particular emphasis on startups based in Asia.
Q3. Who leads ProDigital Future Fund?
A3. ProDigital Future Fund is led by Ben Ng, a venture partner at SAIF Partners, and Curt Shi, a long-term technology investor. The leadership team combines industry knowledge, investment experience, and a vast network of industry players to provide startups with strategic advice, resources, and networking opportunities.