Round13 Digital Asset Fund (DAF) – which is Canada’s only crypto native fund with a unique open-ended structure – announced gains in excess of 40% since its launch in April 2022 amid a challenging market environment. This Fund has quickly made its mark and is consistently outperforming leading cryptocurrencies BTC by 30% and ETH by 60%.
Round13 DAF invested in 20 portfolio companies across Seed and Series A deals ranging from $250,000 to $5 million. And its portfolio companies span several key segments of the crypto market including AI, gaming and Metaverse, identity, and infrastructure. Sample portfolio companies within these market segments include Wombo, Improbable, Confirm, and ChainSafe.
So far, several Round13 DAF portfolio companies raised funds at significantly higher valuations, bucking the down round fundraising trend experienced by many startups. And several of its portfolio companies are token projects that have not gone back to the market for further equity funding and are likely to launch their native tokens this year. DAF anticipates further liquidity events from a number of its venture deals within the next three years.
Round13 DAF is a fund that invests in the emerging blockchain and digital asset market. And DAF was launched by Round13 Capital (the Canadian venture and growth-stage investment firm co-founded by Bruce Croxon and John Eckert). Through a structured approach to accepting new investors every quarter, DAF distinguishes itself with consistent resilience and innovation in the rapidly evolving digital asset space.
As Round13 DAF continues to evolve, the long-term vision remains focused on pioneering within the digital asset space. And emphasizing innovation, stability, and growth, the fund is poised to set new benchmarks in crypto fund management while meaningfully contributing to the broader financial ecosystem.
KEY QUOTES:
“Our approach of engaging in both crypto capital markets and venture capital has been a cornerstone of our strategy. 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 collapse.”
“As we look forward to the next 12-24 months, our confidence is stronger than ever, particularly with the increasing institutional adoption of BTC and ETH signaled by the recent approval of Spot Bitcoin ETFs in the U.S. This pivotal development, coupled with the evolving competitive landscape among both modular and singular smart contract platforms, lays a solid foundation for growth. We believe these factors are not only indicative of a maturing market but also set the stage for dynamic narratives that will drive the expansion of the entire industry. This bullish stance is rooted in these transformative trends, signaling a promising horizon for digital assets within mainstream finance.”
“Crypto is set up for a monumental moment and we are well positioned to capture value in that process. Our bullish forecast for the market is that over the next two years, BTC will be a $150,000+ asset and ETH will be a $10,000+ asset.”
- Satraj Bambra, Managing Partner and CIO at Round13 DAF
“We are investing in companies that are driving mainstream adoption of crypto – and these companies can outlast multiple year bear markets. Our portfolio companies are well capitalized, have strong teams, and clear visions. One example is Wombo, a Toronto-based AI consumer app with over 200 million downloads. Wombo is now looking to aggregate latent computer power through decentralized crypto networks and help onboard millions of users into the space.”
- Khaled Verjee, Managing Partner at Round13 DAF
