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Ripple Invests in Blockchain Founders Fund To Support Web3 Startups

Blockchain payments company Ripple has invested in Blockchain Founders Fund (BFF), a Singapore-based Venture Capital Fund for Web3 startups.

Ripple and BFF confirmed this in a press release today. Per the written statement, the investment would support “high-potential early-stage” startups building blockchain-related products.

With the funding, BFF would invest in promising Web3 founders and support the over 100 existing startups in its portfolio, the press statement reveals. Some companies on BFF’s portfolio include Splinterlands, Dogami, Krayon, Altered State Machine, Magna, and LunarCrush.

Notably, Ripple’s investment is part of BFF’s Fund II fundraising round, which raised a total of $75 million from companies including Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, GSR, LD Capital, Metavest Capital and individuals such as Sebastien Borget The Sandbox’s chief operating officer. BFF announced the close of the round in a press release at the end of last month.

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