Greenfield One launches 'largest crypto fund in Europe'

Europe’s largest crypto fund is based in Berlin. The founders Jascha Samadi and Sebastian Blum want to shape the internet of tomorrow.

The venture capital firm announced the closing of its third crypto fund worth $160 million today, November 24. With this, it managed to Greenfield One, to climb to Europe’s top spot in less than four months – and without any public funding at all.

Founded in 2018, the Berlin-based crypto fund aims to help shape Web 3.0 with a focus on Europe and support developer teams in this endeavor. In doing so, the venture capital firm emphasizes being particularly interested in crypto-networks “that build an open, decentralized and more robust architecture for the internet of tomorrow.”

Sebastian Blum, co-founder and partner at Greenfield One, explained to Yellow Rocket Agency the strategy behind the Berlin-based crypto fund:

Greenfield One invests in teams that are working to change business models across a whole range of sectors. For our current third fund, we have now attracted several traditional players as investors. They are all united by the goal of wanting to participate in the changes instead of being overrun by them.

Sebastian Blum, Co-Founder and Partner at Greenfield One

Not the first crypto fund medal

According to the venture capital firm, investments have already been made from the third fund. According to the report, the money flowed into, among others, the governance lending protocol Paladin, DeFi protocol Brink and Darkblock, a protocol for rights management of NFTs.

In the process, the Berlin fund can add big names to its list of investors. While Bertelsmann Investments and family offices such as Lennertz & Co. from Hamburg are among the existing clients, the telecommunication group Swisscom, CommerzVentures and Galaxy Vision Hill, for example, have recently joined.

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However, Greenfield One already has some successes in the crypto space. According to the report, the company’s second fund was closed early, as a striking increase in the value of the portfolio was already recorded after the first investment. Moreover, the Berlin-based fund has been investing in Celo and Flow for a long time, he added. The latter was developed by famed CryptoKitties and NBA top-shot hostDapper Labs developed.