Cake DeFi Announces $100M to Invest in Web3, Gaming & Fintech

Cake DeFi Ventures is a Singapore-based fintech startup that will seek global investment opportunities in global enterprises. Web3, gaming, and financial startups are all on CDV’s radar.

You can also find coverage for the metaverse and blockchain, as well as NFTs and esports companies. Cake DeFi’s existing services will benefit from the financial platform’s synergistic value.

The investment fund Cake DeFi cofounders Julian Hosp and U-Zyn Chua will lead the team. Nicholas Khoo is a newly appointed investment partner and provides fund advice.

Nicholas Khoo has over 20 years of experience in the IT sector, having worked with global corporations like Visa and startups.

Nicholas has been an investor for over ten years. He consults on both rapidly growing technology businesses as well as serving on investment committees, such as the Global Fund.

Cake DeFi had ten times as many users in the second quarter of 2021 as it had when it was launched. According to the corporation, most of this growth took place in the fourth quarter. This was when confirmed users nearly doubled.

The Edge of Company, a technology, events and media company, has received funding from the firm.

Both companies have not revealed the details of their partnership. The financial website is a one-stop-shop for decentralized finance. Users can buy, lend and stake bitcoins in one place.

The CDV investment of $100 million is the latest example of the booming cryptocurrency and Web3 project funding markets.

In recent months, a number of well-known corporations announced major investments. Paradigm’s $2.5 billion Fund, FTX’s $2 billion venture fund, and Pantera Capital’s $1 billion Fund are among these firms.

“By founding Cake DeFi Ventures, we wish to introduce cryptocurrency and blockchain technologies to the world,”Dr. Julian Hosp. Dr. Julian Hosp said that Cake DeFi is one the fastest-growing finance platforms of Southeast Asia. The projects in which we invest may expect to receive a lot of help as they grow around the world.”

“By founding Cake DeFi Ventures, we wish to introduce cryptocurrency and blockchain technologies to the world,”Dr. Julian Hosp. Dr. Julian Hosp said that Cake DeFi is one the fastest-growing finance platforms of Southeast Asia. The projects in which we invest may expect to receive a lot of help as they grow around the world.”

CDV had conversations in the early and late stages with many global firms at the time it was founded, including those from Southeast Asia and the United States.

Cake DeFi on the other hand announced its first major funding with The Edge of Company. The Edge of Company is a media technology and events startup that focuses on growing NFT and Web3 societies and ecosystems.

Hosp denied that the fund would adopt a passive approach to day-to-day operations and board seats.

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