Superscrypt is planning to raise up to $100 million for its second investment fund

Superscrypt, a blockchain venture capital firm backed by Singapore's state-owned investment firm Temasek, is planning to raise up to $100 million for its second investment fund, Bloomberg reported on November 1st. Temasek will serve as the fund's lead investor and general partner alongside New York-based fintech firm Republic, people familiar with the matter said.

Temasek lost $275 million in 2022 from the FTX bankruptcy and cut executive pay as a result. VC funding in the blockchain space is gradually picking up after a market downturn.Superscrypt focuses on early-stage investments in blockchain protocols and Web3 applications and has invested in more than 20 projects including Space and Time and Aptos Labs.