Latest Bonfire Union News
Jul 6, 2022
With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in web2Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate venture capital powerhouse in web3 as Tencent has done in web2.To that end, the five-year-old company recently completed the first close of its venture investment arm called Bonfire Union.Similarly, Bonfire Union aspires to foster interdependent relationships with startups building social services, infrastructure, and games for web3.Mask Network has already dabbled in this approach.Mask Network is the largest cornerstone investor in Bonfire Union following the close and will continue to inject capital through its treasury and co-investment by team members. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Bonfire Union Investments
Bonfire Union has made 4 investments. Their latest investment was in 0xScope as part of their Seed VC on September 9, 2022.
Bonfire Union Investments Activity
Series A - III
Bonfire Union Fund History
1 Fund History
Bonfire Union has 1 fund, including Bonfire Union Fund I.