Pluto Capital Raises $30M in Crypto to Help Blockchain Projects Get off the Ground

Pluto Capital, a blockchain venture capital firm based in Singapore, has raised $30 million to create a crypto fund to support early-stage blockchain-based projects.

The funding will allow the fund to create new investment opportunities to invest in a diversified, institutional-quality portfolio of digital assets. For this purpose, the organization will provide investment insights, incubation capabilities, and networking capabilities to provide unique incubation opportunities to startups. LI Chen, Pluto Capital’s LPs and Managing Partner at Youbi Capital, referred to the firm’s mission by stating:

“We believe right now is a transformative time for Pluto Capital and the global blockchain sector. We trust that Pluto Capital will not only take a refined investment approach to build long-term relationship with entrepreneurs and companies but also successfully execute its strategy through operational excellence and in turn, return value to our shareholders.”

Pluto Capital has also stated its intention to actively monitor and analyze the market’s macroeconomy in different blockchain sectors to detect trends and maximize revenue while boosting innovation. The firm’s general partners have already invested in some of the biggest cryptocurrency names, including Binance, Bybit, Bitmain, Polkadot, DeHorizon.

The crypto market has experienced rapid growth over the past months, reaching the $3 trillion market capitalization back on November 8th. The continued expansion of the ecosystems has allowed blockchain-based projects to prosper as organizations around the globe look to take advantage of the benefits that the technology provides.

A report by CBInsights shows that blockchain startups raised over $4.3 billion in funding during the second quarter of 2021, a trend that promises to continue over the next year.
By bringing the experience of highly experienced professionals who have worked for some of the world’s biggest financial institutions, Pluto’s Capital believes it can play an important role in the development of the crypto ecosystem.