Unbounded Capital Completes First Close on New $50M Target Venture Fund

July 19, 2022

Unbounded Capital today announced the first close on their new fund, Unbounded Capital Fund II (UC Fund II target $50M USD), which is already deploying capital to companies leveraging scalable blockchains. Investors in UC Fund II include returning LPs from Unbounded Capital’s prior investment vehicles, banks, hedge fund managers, venture capitalists, and family offices both experienced and new to blockchain. Unbounded portfolio companies are leveraging scalable blockchains and are aiming to change the way we pay, play, do business, and interact online.

Unbounded Capital was co-founded in 2018 by Managing Partner Zach Resnick, one of the first investors with an exclusive focus on scalable public blockchains. They anticipate that these companies will transform how we use the internet, transact online with nano payments as small as 1/1000 of a penny, and utilize novel data applications similar to the early days of cloud computing.

“We are thrilled to secure this first close and to deploy capital to a bunch of incredible startups. For years we have seen enormous opportunity ignored by traditional Venture Capital in the blockchain/cryptocurrency space. We are excited to see newcomers rapidly adopting our increasingly less-contrarian thesis and deploy more capital to companies already demonstrating the transformative potential of this technology.” added Resnick.

Investors interested in learning more about UC Fund II and entrepreneurs building business that fit the thesis of UC Fund II are encouraged to visit our website or write to info@unboundedcapital.com.