Singapore investment firm plans to inject $100 million into Web3 startups

As Bitcoin heads towards a nine-month high, Singapore-based investment firm BitRock Capital is looking to raise $100 million to invest in Web3 startups. BitRock, backed by logistics real estate operator GLP, is close to raising $100 million. After raising funds, the company hopes to invest in financial and blockchain startups in China and Southeast Asia. The fund will target software-as-a-service (SaaS) companies in China, fintech companies in Southeast Asia, and global Web3 startups. #crypto2023 #Web3 #Metaverse