Tyche Block Ventures' blockchain growth fund has completed a $30 million fundraising

ChainCatcher news, according to Cryptopotato, the blockchain growth fund under the American venture capital firm Tyche Block Ventures has completed a $30 million fundraising, led by ultra-high-net-worth individuals and family offices from Southeast Asia and the Middle East. Pacific and other investment partners have committed $5 million to the fund. Tyche Block Ventures has pledged to allocate $10 million from the fund for investments in blockchain and Web3 startups in the Middle East.

In addition, Tyche Block Ventures has opened an office in Dubai and plans to launch a new $100 million fund by the end of 2023. Tykhe Block Ventures was founded in 2021 by Prashant Malik, focusing on investing in Web3 startups that utilize distributed ledger technology, digital assets, and their core supporting infrastructure. (source link)