Blockchain Founders Fund
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BFF is Singapore's most active crypto fund with 200+ investments since 2018, but their spray-and-pray approach raises questions about selectivity. Aly Madhavji is a credentialed operator with serious academic and UN consulting credentials, but the fund's marketing-heavy presence (awards, press releases, LinkedIn posts) suggests they care more about brand than returns. Their 'high-touch, operator-led model' bridging technical prototyping and commercial scalability sounds good on paper, but with 160+ active portfolio companies, how hands-on can they really be? The fund's biggest strength is their network in Asia-Pacific Web3 ecosystem and ability to get deals done quickly. Watch out for potentially thin post-investment support given portfolio size and team constraints.
- —Best for: Asian Web3 startups needing quick capital and regional connections
- —Watch out for: Thin support across 160+ portfolio companies, marketing-heavy approach
- —Known for: High-volume investing, strong Singapore/APAC network, academic credentials
They focus exclusively on adding value to blockchain and emerging technology projects with real world applications, aiming to empower promising entrepreneurs with resources to make their vision of blockchain and emerging technology in the global economy a reality. They prefer to invest in companies operating in blockchain, web3, metaverse, games, decentralized finance, non-fungible tokens, and technology sectors.
Early-stage (seed and pre-seed) venture capital fund with an active portfolio of over 160 companies representing more than 200 investment rounds worldwide. They've invested in 119 tech companies, 71 blockchain companies, 71 enterprise B2B companies and at least 68 consumer B2C companies across Web3, metaverse, gamefi, DeFi, and NFT sectors.
He's the Managing Partner and a UN consultant, Senior Blockchain Fellow at INSEAD, and LP and Venture Partner at Loyal VC. Recognized as a 'Blockchain 100' Global Leader by Lattice80, he's an internationally acclaimed author publishing three books and a monthly columnist for leading blockchain magazines. He brings experience investing in more than 200 blockchain infrastructure companies across global markets and maintains relationships with over 500 co-investors worldwide.
He focuses on the operational side of early-stage investing, emphasizing that success isn't about perfect decks or big rounds but about iteration, resilience, and surrounding founders with people who know how to scale companies. He's quoted as saying they're honored to receive industry recognition which reflects the hard work of their team and vision of incredible founders they support.
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