We are excited to announce Greenfield III, a €135m crypto fund to continue investing in companies and protocols from pre-seed to later stages, across all layers of the stack and in private, public and liquid forms.
Over the past 12 months, we have witnessed the end of the beginning in crypto and Web 3.0 mainstream adoption — Bitcoin has established itself in the corporate world from a potentially career-ending to a career-making hedging instrument, DeFi has reached early indications of institutional adoption, millions of users are spending billions of dollars on pixelated digital images that they truly own, while people are making a living from in-game assets.
Our industry has come a long way. With Greenfield One we launched our first fund back in 2018 in the midst of the crypto winter, deployed <$10m across both of our previous funds, grew that to more than $600m in AUM, were the first check into projects like 1inch, the first fund to bet on Bitcoin-native DeFi driven by projects like Sovryn, among the first validators in networks like Vega and early liquidity providers in protocols like StakeWise. We have generally been consistent with our strategy in making long-term bets on early developer teams building towards an open, decentralized and more robust architecture of tomorrow’s web.
With Greenfield III we will continue to team up with founders at the earliest stages, be active participants in networks and vocal members in DAOs — the new fund will allow us to keep doing that at larger scale but equally committed to the founders we have the privilege to work with.
Jascha, Sebastian and the Greenfield Team