Future Perfect Ventures Secures $25M Blockchain Fund
Future Perfect Ventures (FPV), a pioneering New York-based venture capital firm, has secured a second fund worth approximately $25 million. This fund will focus on investing in promising blockchain-focused startups. The firm's founder and managing partner, Jalak Jobanputra, has been instrumental in its success, leveraging her diverse background and experience in tech, emerging markets, and Silicon Valley.
Jobanputra's journey began in 2013 when she launched one of the first blockchain-focused venture capital funds after attending her first bitcoin conference. Since then, she has become a model for youth in the crypto market, successfully investing in blockchain startups even during the deep crypto winter from 2014 to 2017.
FPV's first fund, launched in 2014, has seen a remarkable increase in value, growing by about two and a half times. This impressive growth places it in the top 10% of all VC funds from that year, according to Pitchbook Data. The firm aims to raise a total fund of about $50 million for further investments in the blockchain space.
Jobanputra's success is not only reflected in the growth of her funds but also in the success of the startups she invests in. About 90% of the startups funded by her have gone on to raise more money than the initial investment, demonstrating her keen eye for potential.
Despite the crypto market's volatility and unpredictable nature, often referred to as 'crypto winters', Jalak Jobanputra and Future Perfect Ventures have consistently identified and supported promising blockchain startups. With the new $25 million fund, the firm is well-positioned to continue its successful track record in the rapidly evolving blockchain and crypto stock market today.
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