New London-based Blockchain VC Fund: Paper Ventures [2024]

Paper Ventures, a London-based venture capital fund, has officially launched with a $25 million fund dedicated to early-stage Web3 and blockchain projects. This new VC fund is founded by industry veterans Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, each bringing extensive experience and strategic insight to the venture.

Experienced founders from the crypto world

Danish Chaudhry has a rich history in traditional finance and played a key role in growing the Bitcoin.com Exchange. Oliver Blakey, a former professional poker player, has significant experience managing substantial assets at Ascensive Assets. Ivailo Jordanov, an entrepreneur with successful ventures like Altitude.fi and Deadalus Collective, adds further depth to the founding team.

Focus on blockchain startups

Paper Ventures aims to support transformative blockchain innovations, focusing on early-stage projects that push the boundaries of technology. Their investment portfolio includes successful projects such as Frax Finance, SEI, Polygon, and GameFi ventures like Merit Circle/Beam and Illuvium.

Beyond providing financial investment, Paper Ventures places a strong emphasis on strategic mentorship. The founders leverage their extensive networks and industry experience to offer portfolio projects the necessary resources and connections to thrive. This holistic support framework is designed to maximize the impact of their investments and foster a collaborative ecosystem within the blockchain space.

The mission of Paper Ventures is to be at the forefront of technological and financial innovation. The founders are committed to fostering groundbreaking ideas that redefine technology and finance, with a deep-rooted passion for decentralized technologies. They aim to support under-the-radar projects capable of shaping the future digital landscape.

Paper Ventures is the latest addition to our global VC investor database.

Picture source: Arthur Mazi
Article source: The Defiant