Gaming giant Ubisoft has backed White Star Capital’s second crypto-focused venture fund as an anchor investor.
The French game developer — famed for its Assassin’s Creed and Far Cry franchises — is the lead investor among a group that has committed roughly $60 million to White Star’s new Digital Asset Fund. The funding represents the ‘first close’ for a vehicle through which White Star ultimately expects to oversee $120 million.
Other investors in the new fund include family offices and wealthy individuals, and conversations with institutional investors about a „second close” are ongoing.
This is the second dedicated crypto fund launched by White Star — a technology investment firm founded in 2014 and managing around $1 billion in total. Its first Digital Asset Fund launched in 2020 with $50 million to invest in crypto firms, and has backed 20 startups including Ledn, Alex, Multis, Paraswap, Exlusible, and Rally.
Ubisoft also backed White Star’s first crypto fund
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