Singapore-Headquartered Cake DeFi Launches US$100 Million Venture Capital Arm

Cake DeFi, a Singapore-based fintech platform that makes
DeFi (decentralised finance) services and applications
accessible for everyone, has launched Cake DeFi Ventures
(CDV), its venture capital arm with US$100 million in
earmarked capital.

Cake DeFi Ventures (CDV) is looking
to invest in technology startups in Web3, gaming and fintech
– especially those in the metaverse, NFT, blockchain and
esports industries – that will bring synergistic value to
Cake DeFi’s core business. Based in Singapore, CDV will look
for global investment opportunities in startups around the
world.

CDV is led by Cake DeFi’s Co-founders Dr Julian
Hosp (Chief Executive Officer) and U-Zyn Chua (Chief
Technology Officer) along with newly appointed Investment
Partner Nicholas Khoo:

– Dr Julian Hosp is a seasoned
blockchain entrepreneur, widely regarded as a leading
influencer in the crypto and blockchain space. His vision is
to bring blockchain awareness and understanding to a billion
people by 2025.

– U-Zyn Chua, a blockchain engineer,
enthusiast and investor for over a decade, was a Smart
Nation Fellow on blockchain for the Singapore government. He
was also the Lead Architect for the world’s first Central
Bank Digital Currency (CDBC) – the Sand Dollar in the
Bahamas.

– Nicholas Khoo brings over 20 years in the
tech sector with diversified experience in startups and
multinationals such as Visa. For more than ten years,
Nicholas has invested in a number of successful and
fast-growing tech startups and has also served on the
investment committees of investors such as the Global
Fund.

Portfolio companies of CDV will receive strong
support from Cake DeFi’s global and experienced leadership
team, and the opportunity to access Cake DeFi’s connections,
resources and expertise within the global blockchain
industry.

“By launching Cake DeFi Ventures, we want to
bring cryptocurrency and blockchain capabilities to the
world. Cake DeFi is one of Southeast Asia’s fastest-growing
fintech platforms. The projects that we invest in can expect
to receive strong support scaling globally,” said Dr. Julian
Hosp, Co-founder and CEO of Cake DeFi.

Deploys First
Strategic Investment into US-Based ‘The Edge Of Company,
Inc.’

At the time of CDV’s launch, the firm was in
early to late-stage discussions with a number of global
startups, including those in Southeast Asia, the U.S. and
Europe. For its first strategic investment, Cake DeFi has
selected tech, media and events startup, The Edge Of
Company, which has been building the community and ecosystem
for the NFT and Web3 space.

“The entire team at The
Edge Of Company is honored to have Cake DeFi Ventures as
part of the Edge family. Their know-how, relationships, and
strategic insights will help propel this Web3 rocketship to
new heights across our platform of tech, media, and events,”
said Jeff Kelley, Co-Founder, The Edge Of Company,
Inc.

“As an extension of our multiple blockchains
support and having built up an R&D arm with cryptography
deep tech capability, investing in companies that bring
synergies to Cake DeFi’s core business will allow us to
enhance and broaden our Web3 offerings,” said U-Zyn Chua,
Co-founder and CTO of Cake DeFi.

To apply for funding
from CDV, please email contact@cakedefi.vc
with the project details. CDV will be in touch with
shortlisted projects. Venture capital firms or investment
funds interested in co-investment opportunities or strategic
partnerships may also reach out for further
discussion.

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