White Star Capital

Tech venture capital firm White Star Capital has secured $120 million in funding for its second Digital Asset Fund (DAF II) to invest in crypto networks and early-stage blockchain and Web3 businesses. The fund is primarily backed by game publishing giant Ubisoft and will take a particular focus on decentralized finance (DeFi) and gaming. It will invest as much as $7 million in each of 20-25 companies in North America, Europe, and Asia. The firm’s increased attention to DeFi, Web3, and blockchain-based technology suggests that it will begin to support companies that utilize or develop Metaverse solutions as well. This would bring it into the space in which Animoca Brands has carved out a neat corner for itself. White Star’s previous investments from its first DAF in 2020 include Stacks-base...