gumi Cryptos Capital (gCC) is a blockchain-focused venture capital firm that has funded some of the best and the brightest in business.
gCC’s portfolio is stacked with big name heavy hitters such as OpenSea, Yield Guild Gaming, and Celsius.
On Wednesday, gCC announced that they were launching a new fund, Fund II due to the resounding success of their Fund I. Fund I grew from $21M to $516M in asset value, attaining 24 times the return on capital. This puts the gCC Fund I performance in the top 1% of all venture capital firms.
About gumi Cryptos Capital
gumi Cryptos Capital (gCC) is the number one blockchain-focused venture capital firm. gCC offices are located in Silicon Valley and Japan. Their office locations put them at a unique advantage. They are perfectly situated to respond to Silicon Valley startup culture and also have access in Japan.
Japan is home to unique intellectual property assets especially in the gaming sector which is growing at a lightning-fast pace.
“With our unique geographic advantage, we can help ambitious projects grow faster.” – Hironao Kunimitsu, Managing Partner at gCC
gCC focuses exclusively on backing the best global entrepreneurs.
Cash is King – What Now?
With 36 portfolio companies, gCC Fund I has already backed some of the strongest entrepreneurs in the blockchain industry.
gCC Fund II will target 50 or so exceptional global startups at the earliest stages
in areas such as Infrastructure, Developer Tools, Gaming, DeFi, Metaverse, DAOs and Web3 Applications. gCC Fund II expects to invest between $500,000 to $5 million per investment through both initial and follow-on investments.
Fund II will invest in both equity and tokens.
The Rise of the Experimental Age
Miko Matsumura, gCC Managing Partner, painted a vivid picture with his description of the Experimental Age.
“We live in the Experimental Age. The existing institutions and infrastructure including social infrastructure, governance, financial services and big tech are demonstrably failing us. Because the way forward is unknown, there’s a strong appetite for experimentation.”
He goes on to describe tokens representing a monetary experiment that is able to power Web3. DAOs and guilds are an experiment in governance. NFTs are an experiment in digital assets and the metaverse is a “collection of experimental realities”.
What a thrilling time to be alive and watch these companies rise, support each other, and drive innovation.
With this latest announcement it’s clear that gCC is laser focused on elevating the best in the blockchain. A world class team has been assembled and portfolio leadership teams will have access to gCC’s exceptional global network.
The future is bright.
About Kit
Kit Campoy is a former retail professional turned freelance writer. She writes about Leadership, Retail, and Web3. Contact Kit for your content needs.