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Berlin-based venture capital (VC) firm Greenfield One has raised a $160 million (142 million euros) fund from telecom giant Swisscom, Galaxy Digital, and others, to invest in crypto projects, according to a press release shared with CoinDesk.
- Greenfield One’s third fund is likely one of the largest crypto funds in Europe to date. Fabric Ventures’ $130 million fund, which was announced earlier this year, was previously thought to be one of the largest European crypto funds.
- German media giant Bertelsmann also invested in the $160 million fund. Bertelsmann had invested in Greenfield One’s second fund, which had a target volume of $56 million (50 million euros).
- Other investors include Hamburg-based family office Lennertz & Co., Frankfurt-based VC CommerzVentures, and Barcelona-based fund of funds Aldea Ventures. All investors in the fund come from the private sector.
- The fund has already made investments in governance lending protocol Paladin, decentralized finance project Brink, and non-fungible token rights management protocol Darkblock, among others, the press release said.
- Greenfield One focuses on European Web 3 projects. The firm was an early investor in Celo, which received backing from Deutsche Telekom in April, as well as Dapper Labs’ Flow.
Read more: EU-Backed Investment Fund Puts $30M Into Crypto VC Firm’s New $130M Vehicle
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