Home > US$100 million invested in Global Web3, Gaming and Fintech Startups for new corporate venture arm from Cake DeFi

US$100 million invested in Global Web3, Gaming and Fintech Startups for new corporate venture arm from Cake DeFi

  • Cake DeFi is a highly innovative, fully transparent and regulated global fintech platform with over US$1 billion worth of customer assets managed. It empowers its user base of half a million registered users to date, which continues to grow. Users earn cash flow from their digital asset investments

  • Cake DeFi Ventures was launched by Cake DeFi with a US$100 million venture arm aiming to accelerating the growth of tech firms focussing on web3, gaming and fintech. 

SINGAPORE, 9 MARCH 2022 – Cake DeFi, a Singapore-based fintech platform that produces DeFi (decentralized finance) services and applications accessible to users worldwide, has launched a corporate venture arm with US$100 million in earmarked capital.

Singapore based Cake DeFi Ventures (CDV) focusses on investing in tech startups across NFTs and the metaverse, Web3, gaming, esports and fintech spaces that will bring synergistic value to CDV’s core business. They will look for global investment opportunities in startups across the world.

CDV is led by Cake DeFi’s Co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO. Dr Hosp is an experienced blockchain entrepreneur and is widely regarded as a leading figure in the crypto and blockchain space, with over a million followers across all of his channels worldwide. 

It’s Dr. Hosp’s vision to bring blockchain awareness and understanding to a billion people by 2025. U-Zyn, a blockchain engineer, enthusiast and investor for over a decade and is highly passionate in decentralized systems design and development. Together, they set up Cake DeFi in an effort to build the world’s leading investment platform into DeFi and up-and-coming alternative assets from Singapore. 

Portfolio companies of CDV can anticipate to receive strong support from Cake DeFi, and have the opportunity to access numerous Cake products, connections, users, resources, and expertise within the global blockchain industry. 

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake's current status as Singapore's and Southeast Asia's fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally,” said Julian Hosp, Co-founder and Chief Executive Officer of Cake DeFi. 

As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi's core business will allow us to enhance our Web3 offerings,” said U-Zyn Chua, Co-founder and Chief Technology Officer of Cake DeFi.

Those interested to apply for funding by CDV, can get in touch via [email protected] with details about their project. And Cake DeFi team will get in touch with those projects that will be shortlisted. Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships may also reach out for further discussion.

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