Key Takeaways
- • Maven 11 Capital closed its second venture fund, Venture Fund II, at $120 million on November 30, 2021, according to the firm's announcement.
- • The fund's investor base includes high net worth individuals, crypto entrepreneurs, family offices, and institutional backers.
- • Venture Fund II has already made investments in Merit Circle, Maple Finance, Anoma, and Zapper, with the firm targeting infrastructure protocols, DeFi primitives, and Web 3.0 applications.
- • Maven 11 Capital, founded in 2015 and running a venture approach since 2017, is using a multi-year time horizon to back projects from inception to launch.
- • Maven 11 Capital's Pool Delegate role at Maple Finance illustrates its hands-on post-investment support model.
Summary
Maven 11 Capital, a crypto investment firm, closed its second fund, Venture Fund II, at $120 million on November 30, 2021. The firm said it will build on the performance of its first fund to continue backing founders developing novel infrastructure protocols, DeFi primitives, and Web 3.0 applications.
The close signals growing institutional appetite for crypto assets within venture portfolios. Partner Joost van der Plas said investors increasingly recognize that participation in crypto extends beyond capital commitments to active membership in the ecosystems they fund, adding that the sector "can no longer be ignored." The fund's investor base spans high net worth individuals with finance and technology backgrounds, crypto entrepreneurs, family offices, and institutional backers.
Beyond capital, Maven 11 Capital says its entire fund team supports portfolio companies to accelerate development. As an example, the firm serves as Pool Delegate for its venture investment in Maple Finance, where it helped bootstrap protocol liquidity. Partner Balder Bomans said the abundance of capital in the industry requires investors to contribute more than funding, and that the firm takes a fit-for-purpose approach tailored to each project.
Founded in 2015, Maven 11 has pursued a venture investment strategy since 2017. Venture Fund I investments include Celestia, Qredo, Nym Technologies, and Spectral Finance. Venture Fund II has already invested in Merit Circle, Maple Finance, Anoma, and Zapper, among others. Newly joined Partner Darius Rugys said the fund's traditional venture structure allows a multi-year investment horizon, enabling the firm to back protocols from an early-stage founder with an innovative idea through to a fully developed DAO or proven protocol with developer and user traction.
The close signals growing institutional appetite for crypto assets within venture portfolios. Partner Joost van der Plas said investors increasingly recognize that participation in crypto extends beyond capital commitments to active membership in the ecosystems they fund, adding that the sector "can no longer be ignored." The fund's investor base spans high net worth individuals with finance and technology backgrounds, crypto entrepreneurs, family offices, and institutional backers.
Beyond capital, Maven 11 Capital says its entire fund team supports portfolio companies to accelerate development. As an example, the firm serves as Pool Delegate for its venture investment in Maple Finance, where it helped bootstrap protocol liquidity. Partner Balder Bomans said the abundance of capital in the industry requires investors to contribute more than funding, and that the firm takes a fit-for-purpose approach tailored to each project.
Founded in 2015, Maven 11 has pursued a venture investment strategy since 2017. Venture Fund I investments include Celestia, Qredo, Nym Technologies, and Spectral Finance. Venture Fund II has already invested in Merit Circle, Maple Finance, Anoma, and Zapper, among others. Newly joined Partner Darius Rugys said the fund's traditional venture structure allows a multi-year investment horizon, enabling the firm to back protocols from an early-stage founder with an innovative idea through to a fully developed DAO or proven protocol with developer and user traction.
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