Cake DeFi, Singapore-based decentralized finance (DeFi) platform, has launched a brand new company enterprise arm referred to 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 good 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 house that may convey worth to Cake DeFi’s foremost 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 mission 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 count on to obtain robust help from Cake DeFi in addition to having the ability to entry the numerous Cake merchandise, customers, connections, and assets around the globe.
Julian Hosp mentioned:
“By launching Cake DeFi Ventures, we try in 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, tasks which we spend money on can count on to obtain robust help scaling globally.”
U-Zyn Chua went forward so as to add:
“As an extension of our a number of blockchains help and having constructed up an R&D arm with cryptography deep tech functionality and specialization, investing in corporations that convey synergies to Cake DeFi’s core enterprise will enable 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 mission particulars.
The workforce at Cake DeFi will then contact the shortlisted tasks.
The enterprise capital can be open for Enterprise capital corporations or funding funds concerned with co-investment alternatives or strategic partnerships.