Re7 Capital Launches $10M SocialFi Fund to Back Crypto Startups
The post Re7 Capital Launches $10M SocialFi Fund to Back Crypto Startups appeared on BitcoinEthereumNews.com. Fintech Re7 Capital, a DeFi-focused investment firm managing over $600 million in digital assets, has launched a new $10 million venture fund targeting the emerging SocialFi sector. The firm plans to support around 30 early-stage startups that sit at the intersection of decentralized finance and social media. Luc de Leyritz, who recently joined Re7 after a stint at Cherry Ventures, will lead the initiative. He believes SocialFi is currently the most important area in crypto investing, even though that view is not yet widely accepted. Focused Early-Stage Strategy Despite the modest fund size, Re7 aims to make high-conviction, early investments. Most checks will range from $100,000 to $300,000, with additional reserves for follow-on funding. The firm wants to move fast, avoid fee-driven incentives, and stay disciplined. Leyritz emphasized that this is a focused “scout vehicle” rather than an asset-under-management play. If the fund thesis proves correct, Re7 intends to expand with a larger follow-up vehicle. Backed by Leading Crypto Founders The new SocialFi fund is anchored by Re7 Capital and includes key backers such as Lens Protocol (founded by Aave’s Stani Kulechov), Farcaster co-founder Dan Romero, and several existing Re7 limited partners. Although the fund has not yet reached its full $10 million target, over 60% of capital has already been committed. A second close is expected in the near future. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/re7-capital-launches-10m-socialfi-fund-to-back-crypto-startups/
The post Re7 Capital Launches $10M SocialFi Fund to Back Crypto Startups appeared on BitcoinEthereumNews.com.
Fintech Re7 Capital, a DeFi-focused investment firm managing over $600 million in digital assets, has launched a new $10 million venture fund targeting the emerging SocialFi sector. The firm plans to support around 30 early-stage startups that sit at the intersection of decentralized finance and social media. Luc de Leyritz, who recently joined Re7 after a stint at Cherry Ventures, will lead the initiative. He believes SocialFi is currently the most important area in crypto investing, even though that view is not yet widely accepted. Focused Early-Stage Strategy Despite the modest fund size, Re7 aims to make high-conviction, early investments. Most checks will range from $100,000 to $300,000, with additional reserves for follow-on funding. The firm wants to move fast, avoid fee-driven incentives, and stay disciplined. Leyritz emphasized that this is a focused “scout vehicle” rather than an asset-under-management play. If the fund thesis proves correct, Re7 intends to expand with a larger follow-up vehicle. Backed by Leading Crypto Founders The new SocialFi fund is anchored by Re7 Capital and includes key backers such as Lens Protocol (founded by Aave’s Stani Kulechov), Farcaster co-founder Dan Romero, and several existing Re7 limited partners. Although the fund has not yet reached its full $10 million target, over 60% of capital has already been committed. A second close is expected in the near future. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/re7-capital-launches-10m-socialfi-fund-to-back-crypto-startups/
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