- Cake DeFi has launched Cake DeFi Ventures, its US$100 million venture arm committed to accelerating growth of tech firms, with a focus on investing in Web3, gaming and fintech startups.
- Cake DeFi Ventures has earmarked US$100 million for investments over the next two years.
Kuala Lumpur, March 11: Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.
Cake DeFi Ventures (CDV) is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, NFT, blockchain and esports industries – that will bring synergistic value to Cake DeFi’s core business.
Based in Singapore, CDV will look for global investment opportunities in startups around the world.
“By launching Cake DeFi Ventures, we want to bring cryptocurrency and blockchain capabilities to the world. Cake DeFi is one of Southeast Asia’s fastest-growing fintech platforms.
The projects that we invest in can expect to receive strong support scaling globally,” Cake DeFI Co-founder and CEO Dr Julian Hosp (pictured above) said.
To apply for funding from CDV, please email firstname.lastname@example.org with the project details.
CDV will be in touch with shortlisted projects.
Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships may also reach out for further discussion.
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