Cake DeFi, Singapore-based decentralized finance (DeFi) platform, has launched a brand new company enterprise arm known as Cake DeFi Ventures (CDV). Cake Defi has invested $100 million within the new enterprise focusing on Web3, gaming, and fintech startups.
The brand new company enterprise arm shall go a great distance in empowering Cake DeFi’s person base that spans over half one million registered customers.
The Cake DeFi Ventures (CDV)
The CDV shall deal with investing in tech startups throughout the metaverse, Web3, gaming, esports, and NFTs area that can carry worth to Cake DeFi’s fundamental enterprise. The enterprise shall not solely deal with startups in Singapore however search for world funding alternatives.
The CDV is led by Cake Defi’s co-founder Dr. Julian Hosp, Cake DeFi’s CEO, and Cake DeFi’s CTO U-Zyn Chua. These three are the founders of Cake DeFi and the primary goal of the undertaking was to construct the world’s main funding platform for DeFi and upcoming different property in Singapore.
The startups that make it to the CDV portfolio can anticipate to obtain sturdy assist from Cake DeFi apart from with the ability to entry the numerous Cake merchandise, customers, connections, and sources all over the world.
Julian Hosp mentioned:
“By launching Cake DeFi Ventures, we attempt in the direction of bringing cryptocurrency and blockchain capabilities to the world. With Cake’s present standing as Singapore’s and Southeast Asia’s fastest-growing platform, initiatives which we put money into can anticipate to obtain sturdy assist scaling globally.”
U-Zyn Chua went forward so as to add:
“As an extension of our a number of blockchains assist and having constructed up an R&D arm with cryptography deep tech functionality and specialization, investing in corporations that carry synergies to Cake DeFi’s core enterprise will permit us improve our Web3 choices.”
Making use of for funding from the CDV
To use for funding from the brand new enterprise capital, startups ought to ship an e mail to [email protected] explaining their undertaking particulars.
The staff at Cake DeFi will then contact the shortlisted initiatives.
The enterprise capital can be open for Enterprise capital corporations or funding funds focused on co-investment alternatives or strategic partnerships.