The Spartan Group has announced the launch of its $50M Spartan DeFi Venture Fund aimed to back new founders and innovators in the DeFi space.
The group has raised $30M of their targeted $50M. Investors include bankers and finance industry veterans who want to see DeFi succeed as the future of finance.
They pitch themselves as “very founder friendly,” and are willing to provide support to the companies they back in any way they can, from aiding with token economics and bootstrapping liquidity to helping make industry connections.
Over the past two years, the Asia-based advisory board and crypto fund has backed a number of highly successful DeFi projects. These include early investments in $MKR, $AMPL, $LINK, $SNX, $KNC, $YFI, $AAVE, $NXM, and $BAND, as well as recent investments in $ALPHA, $1INCH, $FIDA, and dYdX.
The Spartan Group is actively looking for new projects to invest in now, and encourages founders to reach out and share their ideas.