Fund News: Sanctor Capital Raises $20M, Hutt Capital Closes $23.4M

Blockchain-based investment firms continue to gain capital as 2021 nears an end.


Blockworks exclusive Art by Axel Rangel


key takeaways

  • “There are and will be a lot of infrastructure challenges in the metaverse space as more and more people begin to participate and adopt it,” Sanctor Capital Founder Han Kao said
  • Hutt Capital has partnered with 10 early stage blockchain VC firms and completed five direct and co-investments since last summer

Investment fund Sanctor Capital closed its first $20 million round to provide investor-side support to missionary founders looking to disrupt the global economy through blockchain technology, the firm’s Founder Han Kao told Blockworks.  

The inaugural fund will focus on providing strategic capital and resources to gaming finance, decentralized finance and cross-chain infrastructure projects in the blockchain space, according to the release. 

“To us, GameFi has the potential to be the catalyst for the long-awaited ‘mass adoption’ we have all been looking for as crypto natives,” Kao said. “Hundreds of millions of gamers from around the world, especially from emerging economies like SE Asia and LATAM, are coming together and interacting with the existing blockchain economy through gaming, lending, borrowing, and trading,” he added. 

To further this initiative, Sanctor launched a Y-Combinator style mentorship program that plans to bring projects to market with the help from organizations such as Animoca, Coinbase, CoinFund, Cointelegraph, CoinMarketCap, FBG, Solana, The Sandbox, and more, the company said. 

“A major part of our mission is to build the Y Combinator for blockchain startups and help usher in the next generation of disruptive technologies just as Y Combinator did for web 2.0 companies like Airbnb, DoorDash, Coinbase, and Dropbox,” Kao said. 

There will always be a need for new infrastructure developments as older technologies become dated and the space evolves into new territories, Kao noted. “There are and will be a lot of infrastructure challenges in the metaverse space as more and more people begin to participate and adopt it,” he said. “We see GameFi and DeFi merging to simply become the new global economy,” Kao added. 

Hutt Capital Fund I closes $23.4 million

Blockchain venture capital firm Hutt Capital closed its Fund I for $23.4 million, the company said Tuesday. 

The fund will partner with early stage blockchain VC firms and growth-stage startups across the crypto ecosystem, it said. 

The firm focuses on providing long-term, diversified capital for blockchain innovation. It has partnered with 10 early stage blockchain VC firms and completed five direct and co-investments since last summer, including one with BlockFi, the company said in a blog post

“The fund’s strategy is broadly focused across CeFi, DeFi, NFTs, infrastructure, gaming, DAOs, and other emerging sectors. Blockchains are the foundation for an open, digitally native future, and we are witnessing an incredible pace of growth and innovation in all of these categories,” the company said.

In the future, the firm plans to expand its team and continue partnering with firms and startups.


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