Dutch blockchain investment fund and BCNL Member Maven 11 Capital is taking a big step in decentralized finance (DeFi), an infrastructure built on blockchain technology, and establishing the future of financial services. With its second fund, Maven 11 has raised € 40 million, which it will invest in start-and scale-ups creating innovative financial services and building Web 3.0. using blockchain technology.
The new fund is a direct response to the explosive demand for investment in, and mentoring of, start-ups in decentralized finance, where cutting edge technology plays a central role. Due to this, and the rapid development of DeFi and Web 3.0, the fund could very well close before summer’s end. “Blockchain technology allows the creation of a completely new infrastructure enabling financial services without the intervention of a third party.
Services such as payments, lending, savings, investment, and insurance will as such become more efficient, transparent and globally accessible to anyone with an internet connection,” says Balder Bomans, Managing Partner at Maven 11.
Maven 11 supports the companies in which it invests through taking an active role in the sector and contributing to the development of their portfolio companies. “In addition to funding, we bring knowledge and experience. We see the result of this integrated approach in the value growth of our participations,” says Bomans. This approach is working: Maven 11 booked a sizeable return with its first fund.
“The networks in which we invest offer products that are already widely used on a daily basis. The companies in these networks generate cash flows, which benefit our investors. This way, we generate value, not only in the long run through return on investment, but also via cash flow yield. This combination makes our proposition very attractive to investors,”
The second fund is being closed in stages. The first milestone will be reached in early June with € 40 million. The final closing will follow quickly after, taking it to a total target size of €50 to € 75 million.
Maven 11 will participate in a wide range of international companies, especially in the United States and APAC, where the Maven 11 team has extensive networks. For example, Maven 11 is investing in Maple Finance, a financing protocol and marketplace for capital-intensive companies. Another company that Maven 11 was able to invest in, is Zapper.
Zapper offers consumers and professionals a dashboard for all interaction with decentralized financial products without revealing any personal data.
To date, a significant number of investors have invested in Maven 11 Blockchain Venture Fund II. This group consists mainly of entrepreneurs, high net worth individuals, and family offices.
“With our position at the core of the sector, we are laying a foundation to generate returns based on the grow of this technology,” assures Bomans. “We don’t just invest,” he continues, “we are an active stakeholder and partner for all our ventures. The time between building a product or network and it going live has been significantly shortened by, among other
things, the cross-border nature of blockchain technology. Actively participating in decentralized networks, which are governed by all stakeholders, is a new way of organizing and leads to value maximization within this network.”
About Maven 11
Maven 11 is an Amsterdam-based blockchain and digital asset investment firm focusing on the US, Asia, and Europe. Launched by a diverse set of serial entrepreneurs, investors, and blockchain builders, the teams Maven 11 partners with are on a rigorous quest to solve most
exciting problems and make the necessary shift towards a decentralised tomorrow. Maven 11 Capital is registered and fully compliant with local regulators and takes pride in an ethical approach to investing. More information on www.maven11.com