Future Perfect Ventures Secures $25M for Second Blockchain-Focused Fund
Future Perfect Ventures (FPV), a New York-based VC firm, has secured a second fund of $25 million, focusing on blockchain-focused startups. This follows the success of their first fund, launched in 2013 by founder and managing partner Jalak Jobanputra, one of the earliest investors in the blockchain space.
The new fund will build on FPV's track record. Their first fund has increased in value by about two and a half times, placing it in the top 10% of all VC funds launched in 2014. Jobanputra's diverse background and investment strategy have contributed to this success.
The second fund has already invested in ten startups, including Alloqis, Assemblio, and ATMOS Space Cargo GmbH. Among these, ATMOS Space Cargo GmbH, Black Forest Labs, and others remain active. Jobanputra's investments have proven successful, with 90% of her funded startups raising more money than their initial investment. This is despite the crypto market's volatility, including periods known as 'crypto winters'.
FPV aims to raise a total fund of about $50 million for their second fund. With Jobanputra's proven track record and the potential of blockchain technology, the firm is well-positioned to continue its success in the crypto market.
