Singapore-based fintech funding agency BitRock Capital is presently inching in the direction of assembly its goal to shut a brand new US$$100 million fund, in accordance with a Bloomberg report. This may greater than double BitRock’s first fund shut in 2021.
The brand new fund will goal software-as-a-service and digitalisation alternatives in China, fintech corporations in Southeast Asia, in addition to world startups in digital asset infrastructure and Web3.
Backed by logistics actual property operator GLP, BitRock Capital is in dialogue with household workplaces in addition to longer-term restricted companions with the purpose to shut the brand new fund by the third quarter of this 12 months.
Based in 2018, BitRock has greater than 20 corporations in its portfolio together with the Swiss digital financial institution Sygnum Financial institution, London-based digital asset change Archax and Hong Kong-based digital insurer OneDegree.
Alfred Shang
“We’re a specialist fund, so we wish to cherry-pick the very best offers. The financial slowdown globally, the high-interest setting, and the impression of Covid final 12 months — all of which means that we as a sector specialist will have the ability to have higher offers.
I wouldn’t say it’s simple in at this time’s world, however we’re transferring ahead as supposed. It’s going to take extra schooling and I believe potential traders now are extra subtle, however we’re having fascinating and informative dialogs with potential LPs they usually’re elevating actually good questions as effectively.”
Shang mentioned.
