TD VC Launches $100M Web3 Special Situation Fund

TradeDog Group, the Dubai, UAE-based parent company of TD VC, announced the launch of their $100M Web3 “special situation” fund.

The fund announcement comes with a GP commitment of $10M.

The fund will re-structure and invest in projects with good products and businesses but struggling token markets. TD VC’s fund will invest in promising young companies and support the limitless possibilities of Web3 tech, allowing entrepreneurs to bring forth innovative projects offering actual value in building the internet on blockchain.

TradeDog will leverage its following of more than 3 million Traders and Investors to build an active trading community for the portfolio of TD VC Fund 2, while TradeDog Market Management (TDMM) will be useful to execute sophisticated strategies in live markets (exchanges & DEXs) if required.

TD VC is a Multi-Strategy fund with a portion allocated to a flagship strategy “special situations investment.” Through this, TD VC will provide crypto businesses with tailored injections of capital based on the requirements of the token. The thematic fund will primarily invest in companies with strong fundamental businesses but whose token markets are underperforming.

Rupesh Pednekar will be leading the operations for the fund. He is a partner and a seasoned strategic business leader who will bring his experience in building and growing startups on board as well as extensive technology and institutional financial experience. Pednekar has advised multiple entrepreneurs, startups, and mid-size firms in their growth strategy and venture capital raise as part of a boutique advisory firm. Previously, he spent more than eight years at Moody’s Investors Service in New York City, where he led several critical initiatives around regulatory compliance, process and methodology upgrades, and technology transformation. Prior to Moodys, Pednekar led high-impact projects at Verizon Wireless, including the 4G launch, billing systems upgrades, and technology integration for the company’s many acquisitions. 

FinSMEs

29/12/2022