Round13 Capital Raises $200 Million for Third Fund

04/12/2023 15:13 • AI Insights • 79 views

According to reports, the third fund under Canadian venture capital Round13 Capital has raised $200 million. The co founders of the venture capital, Bruce Croxon and John Eckert, have now transferred their leadership, and it is reported that the new fund has a financing target of $300 million. Round13 is relatively active in the encryption industry, with investment portfolios including decentralized identity company Qui Identity and blockchain infrastructure company ChainSafe Systems. Last year, it also launched an exclusive digital asset fund to invest in blockchain and Web3 infrastructure companies.

Round13 Capital’s third fund has raised $200 million

Introduction

Canadian venture capital firm Round13 Capital has raised $200 million for its third fund, according to reports. Co-founders Bruce Croxon and John Eckert have transferred their leadership, and there are plans to finance the new fund with an additional $100 million.

Round13 Capital’s Investment Portfolio

Round13 Capital is an active investor in the encryption industry. Its investment portfolio includes Qui Identity, a decentralized identity company, and ChainSafe Systems, a blockchain infrastructure company.
Additionally, Round13 Capital launched an exclusive digital asset fund in 2020 to invest in blockchain and Web3 infrastructure companies.

Bruce Croxon and John Eckert’s Leadership Transfer

According to reports, Bruce Croxon and John Eckert have transferred their leadership roles within Round13 Capital. The co-founders plan to devote their efforts to expanding the investment firm’s global presence over time. Meanwhile, the new leadership aims to carry out further initiatives intending to offer new opportunities for growth to the company.

The Financing Target for Round13 Capital’s Third Fund

Round13 Capital’s third fund has a financing target of $300 million. The intent of this additional funding is to bolster existing investments and develop new ones within the encryption industry.

The Future of Round13 Capital

Round13 Capital’s continued success lies in the company’s ability to make astute investments in emergent sectors in the tech industry. A key area for the company will be to navigate the rapidly evolving nature of encryption and digital assets.

Conclusion

Round13 Capital’s new fund will strengthen the company’s capacity for innovation, enabling it to capitalize on groundbreaking developments within the tech sector. With its proven track record in investing in emergent technology, Round13 Capital continues to demonstrate its ability to identify and cultivate cutting-edge investment prospects.

FAQs

**Q:** What is Round13 Capital?
**A:** Round13 Capital is a Canadian venture capital firm.
**Q:** What is the investment strategy of Round13 Capital?
**A:** Round13 Capital invests in emergent technology, including blockchain and Web3 infrastructure companies.
**Q:** Who leads Round13 Capital’s third fund?
**A:** The leadership of Round13 Capital’s third fund has been transferred to new management.

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