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Maven 11 Blockchain Venture Fund II raises € 40 million for decentralized finance and Web 3.0 in record time

AMSTERDAM – Thursday June 3, 2021 – Dutch blockchain investment fund Maven 11 Capital  is taking a big step in decentralized finance (DeFi), an infrastructure built on blockchain  technology, and establishing the future of financial services. With its second fund, Maven  11 has raised € 40 million in record time, funds which it will invest in start- and scale-ups  creating innovative financial services and building Web 3.0. using blockchain technology.  

The new fund is a direct response to the explosive demand for investment in, and mentoring  of, start-ups in decentralized finance, where cutting edge technology plays a central role. Due  to this, and the rapid development of DeFi and Web 3.0, the fund could very well close before  summer’s end. “Blockchain technology allows the creation of a completely new infrastructure  enabling financial services without the intervention of a third party. Services such as  payments, lending, savings, investment, and insurance will as such become more efficient,  transparent and globally accessible to anyone with an internet connection,” says Balder  Bomans, Managing Partner at Maven 11.  

Maven 11 supports the companies in which it invests through taking an active role in the sector and contributing to the development of their portfolio companies. “In addition to  funding, we bring knowledge and experience. We see the result of this integrated approach  in the value growth of our participations,” says Bomans. This approach is working: Maven 11  booked a sizeable return with its first fund. 

“The networks in which we invest offer products that are already widely used on a daily basis.  The companies in these networks generate cash flows, which benefit our investors. This way,  we generate value, not only in the long run through return on investment, but also via cash  flow yield. This combination makes our proposition very attractive to investors,” said Bomans. 

The second fund is being closed in stages. The first milestone will be reached in early June  with € 40 million. The final closing will follow quickly after, taking it to a total target size of €  50 to € 75 million. 

Maven 11 will participate in a wide range of international companies, especially in the United  States and APAC, where the Maven 11 team has extensive networks. For example, Maven 11  is investing in Maple Finance, a financing protocol and marketplace for capital-intensive  companies. Another company that Maven 11 was able to invest in, is Zapper. Zapper offers  consumers and professionals a dashboard for all interaction with decentralized financial  products without revealing any personal data. 

To date, a significant number of investors have invested in Maven 11 Blockchain Venture Fund  II. This group consists mainly of entrepreneurs, high net worth individuals, and family offices.  

“With our position at the core of the sector, we are laying a foundation to generate returns  based on the grow of this technology,” assures Bomans. “We don’t just invest,” he continues, 

“we are an active stakeholder and partner for all our ventures. The time between building a  product or network and it going live has been significantly shortened by, among other things,  the cross-border nature of blockchain technology. Actively participating in decentralized  networks, which are governed by all stakeholders, is a new way of organizing and leads to  value maximization within this network.”  

About Maven 11 

Maven 11 is an Amsterdam-based blockchain and digital asset investment firm focusing on  the US, Asia, and Europe. Launched by a diverse set of serial entrepreneurs, investors, and  blockchain builders, the teams Maven 11 partners with are on a rigorous quest to solve most  exciting problems and make the necessary shift towards a decentralised tomorrow. Maven  11 Capital is registered and fully compliant with local regulators and takes pride in an ethical  approach to investing. More information on www.maven11.com

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