PreIPO®, a leading investment platform, has been selected to raise $250 million for SPiCE Fund II. This comes after the success of SPiCE Fund I, which was recognized as the top VC fund in the Blockchain Ecosystem for 2022. The SPiCE Fund II is expected to invest in companies that are leveraging blockchain technology to disrupt traditional industries.
The SPiCE Fund I was launched in 2018 and has since invested in several blockchain-based startups, including Securitize, Lottery.com, and Bakkt. The fund has also seen significant returns, with a net internal rate of return (IRR) of 51.2% as of June 2021. This success has led to the recognition of SPiCE Fund I as the top VC fund in the Blockchain Ecosystem for 2022 by Blockchain Venture Capital Insights.
SPiCE Fund II aims to build on the success of its predecessor by investing in companies that are leveraging blockchain technology to disrupt traditional industries. The fund will focus on companies that are using blockchain to improve supply chain management, enhance cybersecurity, and create new financial products.
PreIPO® has been selected to raise $250 million for SPiCE Fund II due to its expertise in fundraising and its track record of success. PreIPO® has raised over $1 billion for various funds and companies, including Coinbase, Robinhood, and SpaceX.
The selection of PreIPO® to raise funds for SPiCE Fund II is a testament to the platform’s reputation and expertise in the investment industry. PreIPO® provides investors with access to pre-IPO companies that are poised for growth and success. The platform also offers investors the opportunity to invest in funds that are focused on emerging technologies, such as blockchain.
In conclusion, the selection of PreIPO® to raise $250 million for SPiCE Fund II is a significant development in the investment industry. The fund’s focus on blockchain-based startups and PreIPO®’s expertise in fundraising is expected to lead to significant returns for investors. With the success of SPiCE Fund I and the recognition it has received, SPiCE Fund II is poised to be a major player in the blockchain investment space.
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