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Tortola, BVI, January 23rd, 2024, Chainwire
<a href="http://www.paper.ventures" rel="noopener noreferrer nofollow">Paper Ventures</a> has launched as a new blockchain venture capital fund with support from leading industry figures. An initial $25M fund has been created to be used for investment in early stage web3 and blockchain projects.
Founders Danish Chaudhry, Oliver Blakey and Ivailo Jordanov have vast experience of web3 investment from a venture capital perspective. With Paper Ventures, they have elected to cap their fund at $25M with a view to focusing on early stage projects where they believe they can have the most impact.
The founding members of Paper Ventures have declared their intention to not only fund but also nurture the outstanding projects they identify. Drawing upon their extensive industry experience and network, Paper Ventures partners will give portfolio projects the resources and connections to succeed. The initial $25M fund was raised with the participation of traditional hedge funds, family offices, exchanges, founders and other HNW crypto OGs.
The fund’s three founders have operated in the space since as early as 2010. During this time, they have experienced multiple market cycles while providing early funding for projects that are now dominant within their respective sectors. These include Frax Finance, SEI, Polygon, Injective, Polkadot, Moonbeam and Cosmos. Paper Ventures founders also have experience of funding GameFi projects such as Merit Circle/Beam, Illuvium, and YGG
Paper Ventures founder Oliver Blakey is a former poker pro whose skills in game theory have been brought to bear in helping founders prepare to launch native tokens. Oliver was co-founder and managing partner at Ascensive Assets, which grew to over $1B in AUM during his tenure.
Oliver Blakey said: “We are more than just investors. Our mission at Paper Ventures is to be at the very forefront of innovation, fostering groundbreaking ideas that redefine the boundaries of technology and finance. We believe in the transformative power of blockchain and are committed to supporting those who are as passionate about its potential as we are.”
Danish Chaudhry and Ivailo Jordanov have also cofounded Paper Ventures along with Oliver. Danish has a background in traditional finance, including a spell at Ernst &amp; Young where he was involved in many of the largest transactions during the financial crisis. He then joined BlackRock in their Equities team and was also responsible for building out the analytics and risk models within Aladdin. He went on to found and launch FMFW.io (previously the Bitcoin.com Exchange), rapidly growing it to 1.5 million users. Ivailo Jordanov is a successful entrepreneur and founding member of Altitude.fi and Deadalus Collective.
Danish Chaudhry said: “Having navigated the highs and lows of entrepreneurship, I’m thrilled to embark on this next step in this journey. Our commitment is to empower visionary entrepreneurs, catalyze disruptive technologies, and drive the next wave of impactful change. With Paper Ventures, I’m excited to invest in groundbreaking ideas and also to use my experience to elevate the brilliant minds behind them, fostering a collaborative ecosystem that propels innovation to unprecedented heights.”
About Paper Ventures
Paper Ventures is a springboard for visionary entrepreneurs, providing them with the capital, resources and strategic mentorship required to thrive in the web3 landscape. The company was built on the shared belief that decentralized technologies can unlock value across multiple sectors, with the experienced founders sharing a deep-rooted passion for supporting under-the-radar projects capable of shaping tomorrow’s digital world. Check out more at
<a href="https://paper.ventures/" rel="noopener noreferrer nofollow">https://paper.ventures/</a>
<a href="https://x.com/papervc" rel="noopener noreferrer nofollow">https://x.com/papervc</a>
ContactPaper VenturesInfo@paper.ventures
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Paper Ventures Launches Early Stage Web3 Fund With Industry Veterans

Crypto Daily™

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