Toronto, February 20, 2024(BUSINESS WIRE)– Round13 Digital Asset Fund (DAF), Canada's only domestic cryptocurrency fund with a unique open-end structure, today announced gains of more than 40% since its launch in April 2022, amid a challenging market environment. The fund has quickly made its mark and consistently outperforms leading cryptocurrencies BTC by 30% and ETH by 60%.
Round13 DAF has invested in 20 portfolio companies across Seed and Series A deals ranging from $250,000 to $5 million. Its investment portfolio covers several key sectors of the cryptocurrency market including AI, Gaming, Metaverse, Identity and Infrastructure. Wallet company models within these market segments include Wombo, Improbable, Confirm, and ChainSafe.
To date, several Round13 DAF portfolio companies have raised funds at much higher valuations, bucking the downward fundraising trend seen by many startups. In addition, many of its portfolio companies are token projects that have not returned to the market for further equity funding and are likely to launch their native tokens this year. DAF also expects further liquidity events from a number of its investment deals over the next three years.
Round13 DAF is a dedicated fund that invests in the emerging blockchain and digital assets market. DAF was launched by Round13 Capital, the Canadian venture and growth stage investment firm co-founded by Bruce Croxon and John Eckert. Taking a structured approach to accepting new investors every quarter, DAF distinguishes itself through flexibility and continuous innovation in the rapidly evolving digital asset space.
“Our approach to engaging in the crypto and venture capital markets has been a cornerstone of our strategy,” says Satraj Bhambra, Managing Partner and CIO of Round13 DAF. “Through this balanced and highly strategic approach, we have been able to successfully navigate through various market conditions, including the recent bear market and the domino effect following the FTX crash.”
“We invest in companies that are driving mainstream adoption of cryptocurrencies – and these companies can withstand multi-year bear markets,” says Khalid Verji, Managing Partner at Round13 DAF. “Our portfolio companies are well capitalized, have strong teams and clear visions. One example of this is Wombo, a Toronto-based AI-driven consumer app with over 200 million downloads. Wombo is now looking to harness latent computing power through networking Decentralized crypto and help on board. Millions of users in space.”
Future outlook and long-term vision
“As we look to the next 12 to 24 months, our confidence is stronger than ever, particularly with the growing institutional adoption of Bitcoin and Ethereum indicated by the recent approval of spot Bitcoin ETFs in the US. This pivotal development, coupled with the cutting-edge The competitive landscape between modular and monolithic smart contract platforms lays a solid foundation for growth, says Bambra. “We believe these factors not only indicate market maturity but also pave the way for dynamic narratives that will drive the expansion of the entire industry. This bullish stance is rooted in these transformative trends, indicating a promising horizon for digital assets within the mainstream. finance.”
As Round13 DAF continues to evolve, its long-term vision remains focused on leadership in the digital asset space. By focusing on innovation, stability and growth, the fund is poised to set new standards in cryptocurrency fund management while meaningfully contributing to the broader financial ecosystem.
“Cryptocurrencies are set for a historic moment and we are well positioned to capture value in the process,” Bambra says. “Our bullish market forecast is that over the next two years, BTC will be an asset over $150,000 and ETH will be an asset over $10,000.”
About Round13 DAF
Round13 Digital Asset Fund (DAF) is a leading Canadian cryptocurrency fund launched by Round13 Capital. Thanks to its unique open structure, it provides investors with quarterly opportunities to participate in the growing digital asset market. The fund prides itself on its strategic market vision and ability to navigate complex market conditions. For more information, visit r13daf.com.
About Round13 Capital
Founded in 2013, Round13 Capital is a leading venture and growth equity investment platform headquartered in Toronto, Canada. The firm invests in high-potential companies across a range of sectors, with a focus on supporting their long-term growth and development. Round13's team of experienced investors and operators bring a wealth of experience and insight to each investment, helping portfolio companies realize their full potential. With a commitment to building a company that lasts for 100 years, Round13 is dedicated to creating long-term value for its investors and the companies it supports. For more information, visit Round13.com.
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Contacts
Media:
Michelle McDermott Fox
PR at Boulevard (for Round 13 DAF)
michele@boulevardpr.com
