Looks to Invest in Global Web3, Gaming and Fintech Startups
SINGAPORE – Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.
Cake DeFi Ventures (CDV) is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, NFT, blockchain and esports industries – that will bring synergistic value to Cake DeFi’s core business. Based in Singapore, CDV will look for global investment opportunities in startups around the world.
CDV is led by Cake DeFi’s Co-founders Dr Julian Hosp (Chief Executive Officer) and U-Zyn Chua (Chief Technology Officer) along with newly appointed Investment Partner Nicholas Khoo:
Portfolio companies of CDV will receive strong support from Cake DeFi’s global and experienced leadership team, and the opportunity to access Cake DeFi’s connections, resources and expertise within the global blockchain industry.
“By launching Cake DeFi Ventures, we want to bring cryptocurrency and blockchain capabilities to the world. Cake DeFi is one of Southeast Asia's fastest-growing fintech platforms. The projects that we invest in can expect to receive strong support scaling globally,” said Dr. Julian Hosp, Co-founder and CEO of Cake DeFi.