Future Perfect Ventures launched second fund of $25M
The commencement of the blockchain and related applications, into our world has completely transformed the functioning of different sectors. The crypto market has gained pace over the decade, and presently the blockchain has become the most debatable topic of the decade.
To sustain into the crypto market one has to be extremely tenacious and determined. The fact that the crypto market has witnessed several violent ups and downs or crypto winters as experts call it has made it highly unstable and unpredictable.
One of the tenacious venture capital firms in New York named Future Perfect Ventures (FPV) has still not lost faith in the potential of the blockchain and its applications.
The company has secured the second fund of about $25 million to invest in startups focused on the blockchain. FPV aims at raising a fund of about $50million.
FPV founder and managing partner Jalak Jobanputra, launched one of the first blockchain-focused Venture Capital funds alongside venture investors like Pantera Capital, Blockchain Capital, and Digital Currency Group, when she attended her first bitcoin conference in 2013, and she saw crypto’s potential.
The last four years have been volatile for crypto backed ventures, but according to the Pitchbook Data, FPV’s first fund has increased in value by about two and a half times, ranking it in the top 10% of all VC funds launched in 2014.
Jalak Jobanputra allocates her diverse background as the secret to her success. She says, “As an immigrant, as a woman, as someone who had experience in tech, I felt we were going to be well positioned,” she further adds. “I had spent a lot of time in emerging markets and Silicon Valley, so I was able to bridge cultures and look at the world from a macro perspective.”
Jalak Jobanputra has become a model for youth, given her smart investment which has produced sweet results even during deep crypto winter from 2014 to 2017. Jobanputra says that 90% of the startups she has funded have gone on to raise more money than being invested in it.