XAnge is shaking the house in Web3 with its new background!

The famous French venture capital investment fund XAnge recently announced closure from a fund of 220 million euros. Above all, the fund is determined to penetrate the European Web3 market. Luc Jodet, co-founder of Arianee, will partner with Digital Ownership, a € 80 million fund to support European startups. It will be the first French fund to be able to invest in tokens. A courageous effort to support an extremely fast-paced ecosystem that needs colossal capital to truly compete with web2.

XAnge: the specialist in the early stages is interested in web3

XAnge is one of the most dynamic VC funds in Europe with a strong presence in France, but also in Germany, Belgium or Switzerland. With a portfolio of almost 600 million eurosthe foundation can be proud to have dug some up unicorns as Lydia Where General ledger. With tickets in between € 300,000 and € 10 millionXAnge specializes in the early stage (the first moments of a startup).

After a very successful 2021, On 7 July, XAnge announced the creation of an investment fund specializing in web3 with an envelope of DKK 80 million. Its good financial performance enabled it to accumulate enough cash and its remarkable performance to convince investors ready to venture into the net3.

What to find new gold nuggets in full bear market. If the fund has already invested in web3 companies like Dogami Where Request funding, he intends to move a gear up. After all, the recession phases also gave birth to the largest web2 companies: Amazon, Stripe, Paypal …

The financing crisis, which we have observed for several months in VC and the fall in technical values, is not even scary for XAnge!

A web3 entrepreneur to drive digital ownership

Who is better than a web3 entrepreneur to manage this new VC fund? It will be Luc Jodetthe co-founder by Ariane to Lead Digital Ownership. As a reminder, Arianee helps brands tokenize assets by creating, for example, their range of NFTs. Well-known brands such as IBM or Paris Fashion Week have already put their trust in Arianee to expand their marketing strategy, and the young company recently announced a fundraising 20 million euros.

Experimentation and confrontation with the realities on the spot are crucial to creating a good investor.

No wonder XAnge is so early on the topic of crypto in France. The fund quickly positioned itself in favor of this technology a few years ago (Ledger, Coinhouse, etc.), thanks to people like e.g. Cyril Bertrand, managing partner. In addition, this will be present at Bitcoin Bitcoin.

Financial and human support to create remarkable crypto startups

When we see the capital paid in by US VC funds as a16z intending to monopolize this promising market, we can only welcome the arrival of a European fund in this technological race. In an ecosystem as fast as crypto and sexposed to the power of network effectsBusinesses have a dire need for capital to grow rapidly and capture demand. era of flash scaling (how fast growth becomes crucial) actually requires a lot of money.

The emergence of token economy profoundly changes the investment models for VCs that need to adapt. This is how Digital Ownership will invest both in equity and through the purchase of tokens. Good news: all European web3 startups will be able to finance themselves with Digital Ownership!

In addition to financial support, XAnge will e.g. could support a new generation of entrepreneurs in recruitment issueswhich is legion due to lack of talent.

“We are raising a web3 fund to support the biggest technological breakthrough in the next 20 years”. XAnge understood that crypto was a promising sector for innovation, that bear market represented a golden opportunity to find grains of gold at a lower price. Above all, XAnge offers us the pleasure of being able to say that Europe is still in the technological race.

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Yanis A avatar

Yanis A

Bitcoin changes everything! I come from a financial background and am passionate about everything about this technology. Every day I try to enrich my knowledge of this revolution, which will allow humanity to move forward in its conquest of freedom.

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