Blockchain investment firm Sanctor Capital has raised $20 million for its inaugural fund, which will provide strategic capital and resources to blockchain-based online games (GameFi), decentralized finance (DeFi) and cross-chain infrastructure projects.
- “Our hands-on background and crypto experience gives us a unique perspective on crypto entrepreneurship,” Han Kao, founder of Crypto Briefing and Sanctor Capital, said in a press release. “We have been there before, and have done it all ourselves.”
- Sanctor Capital launched earlier this year with the goal of becoming a “sanctuary” for crypto founders. Sanctor Partner Ilya Abugov previously headed research at Crypto Briefing.
- Last month, Sanctor co-led the $4.2 million funding round for Synchrony, a Solana-based on-chain asset management protocol. Synchrony was one of the graduates of Sanctor’s Y-Combinator-style mentorship program, Sanctor Turbo.
- “While the initial boost came from decentralized finance, it’s become clear that the utility and value proposition of blockchain and crypto has now risen to a cultural significance that we could not have anticipated,” Abugov said in a statement. “We believe that this will open up the way for new entrants into the space who are rethinking the way we interact with games, art, music and so much more.”
Read more: Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices
