Fuse Capital Looks to Raise $50million to Invest in LatAm Web3 Startups

based in brazil fuse capital has launched the Fuse Capital Fund II. Its main theme is to invest in next generation web3 startups in Latin America. The initiative took an agnostic approach in its thesis after successfully investing in blockchain and cryptocurrency startups in its first fund. The goal is to raise $50 million.

Fuse Capital Fund II uses technologies embedded in the web3 framework such as blockchain, DeFi (decentralized finance), stablecoins, NFTs, etc., while solving the problems of the traditional world still dominated by web2. It is aimed at companies that solve problems. The solution can target a variety of sectors, from open finance to healthcare, infrastructure, e-commerce, insurance, and more. Another difference between the funds is the five-year term. It is assumed that the invested company will issue tokens within this period and sell from the sale of these tokens. The donation will be approximately $1 million.

Our mission is to invest in alternative assets that are still largely unexplored in Brazil and in the world. The excellent network of relationships and knowledge of the sector developed over the last few years makes it possible to access this sector. You can,’ he said. Joanne Zetchin, Founder of Fuse Capital. With over $33 billion already invested in cryptocurrencies globally through venture capital, this is an ideal time to enter with markets beginning to show their potential. We have established ourselves as a pioneer and leader in the region. Zecchin highlights the $4.5 billion crypto fund raised by American this year as a reference. Andreessen Horowitzone of the world’s leading venture capital managers.

Fuse Capital Fund I has already invested in more than 10 startups in the global ecosystem in various fields such as healthtech, AI, edtech, fintech, blockchain and cryptocurrency. But the relevant pieces of these investments have brought Fuse closer to the web3 concept and allowed managers to recognize the potential of this still nascent market. Examples of investments already made by managers in this sense are still in the first fund. Hashdexthe largest cryptocurrency manager in Latin America. Arthur mininga Bitcoin ESG miner that uses flare gas as an energy source. Ilios, responsible for the expansion of the helium network in Brazil.When creedixThis will allow credit fintechs to access global markets through web3.

These investments have opened our eyes to the potential of this sector and we have realized that it is time to take a more positive step in that direction. Sometimes there are new technologies that change everything. This has happened in the internet in the past and we believe this is what will happen in blockchain now. Looking closer, we want to invest in the most successful startups in this transition we call web2.5. group mountain villageand founder of Fuse Capital.

Operating since its inception, Fuse selects investments based on a fundamentalist approach that includes in-depth analysis of projects, plus the reach of its network, to help managers reach the best opportunities. The fund will also include a strong group of advisors working together in the areas of business development, tokenomics, regulation and smart contract audits. This group consists of Hashdex, VBSO Advogados, Transferero group, binance, Softbank, framework ventures When 01 capital.