Round13 Digital Asset Fund (DAF), a fund created by Round13 Capital that invests in crypto-focused Canadian firms, has reported a 40% gain since its inception.
According to the company, the Fund was launched in April 2022 and has invested in 20 different portfolio firms backing Seed and A rounds, making investments from $250,000 to $5 million. Sectors include gaming, AI, identity, and more.
These companies can outlast bear markets, says Khaled Verjee, Managing Partner at Round13 DAF.
“Our portfolio companies are well capitalized, have strong teams, and clear visions. One example is Wombo, a Toronto-based AI consumer app with over 200 million downloads. Wombo is now looking to aggregate latent computer power through decentralized crypto networks and help onboard millions of users into the space.”
The Fund is open-ended and provides quarterly opportunities to invest.
While reporting a 40% gain, the company did not provide absolute numbers but stated that several portfolio companies have raised funds at significantly higher valuations since their investments. It was not immediately clear if there are ongoing liquidity options behind an M&A event.
