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Venture Capital
mooncakecapital.com

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Funds

2

About Mooncake Capital

Mooncake Capital is a crypto firm that invests in blockchain technologies.

Mooncake Capital Headquarter Location

71 Robinson Rd

068895,

United States

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Latest Mooncake Capital News

Mooncake Capital raises $10 mn for its Asian crypto-focused fund

Sep 24, 2019

September 24 2019 Mooncake Capital, a Singapore-based venture capital firm focused on cryptocurrency and blockchain, said it has raised $10 million for investments in Asian crypto projects through its new fund called Connect Fund , according to media reports. The fund aims to boost Mooncake’s blockchain investments in China, Singapore and Hong Kong by pulling in financing from countries such as Latin America, Europe, and a few countries in Southeast Asia, technology publication Tech in Asia reported. The Connect Fund aims to rake in $100 million in funds. Mooncake Capital’s early investments include Ethereum, Ripple, Binance, OmiseGO, and Houbi, among others. It mainly focuses on “high-quality” blockchain projects and carries out angel rounds and private-equity investment to help investors maximize returns, according to its website. The company said it is only taking capital in the form of cryptocurrency owing to the complexity of the projects involved in Connect Fund, the report added. However, it also said it could facilitate over-the-counter trades. “The Connect Fund is open to anyone, but we are getting extensive interest from Indonesia. We consistently see large OTC volumes in Indonesia – about US$1 million to US$2 million a day,” the report quoted Patrick Lee, partner at Mooncake Capital as saying. Lee said that there is a general misconception that crypto is dead in China since cryptocurrencies were banned in the country. But according to him, there is an “unbelievable amount of money” currently being poured into Chinese projects. “The fiat-to-crypto problem in China is solved via OTC, either through WeChat groups or exchange OTC sections like Huobi OTC,” Lee said, adding that the exchanges have incorporated in Singapore or Seychelles, with the entire team sitting in an office in Shanghai or Beijing. “It’s a bit of a different game in China – the market is unforgiving, scams are everywhere – but if you do it right, the returns are […] massive,” he added. SHARE ON

Mooncake Capital Fund History

2 Fund Histories

Mooncake Capital has 2 funds, including Crypto Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/25/2019

Crypto Fund

$10M

1

Connect Fund

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$99M

10

Closing Date

9/25/2019

Fund

Crypto Fund

Connect Fund

Fund Type

Subscribe to see more

Status

Amount

$10M

$99M

Sources

1

10

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