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# Singapore's blockchain VC firm NGC Ventures raises $100 million
- URL: https://www.techloy.com/singapores-crypto-vc-firm-ngc-ventures-raises-100-million/
- Published: 2022-05-25T16:06:18.000Z
- Updated: 2022-12-08T00:48:08.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Tech in Singapore

[NGC Ventures,](https://ngc.fund/home) a Singapore-based blockchain and financial technology firm has raised $100 million in its new funding round to support web3-focused projects. 

- The crypto firm will fund early-stage projects in web3 including decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi (blockchain-based play-to-earn games using DeFi and NFTs).
- Babel Finance, Huobi Ventures, and Nexo Ventures participated in the funding round.
- The metaverse firm invested parts of its last raised funds in blockchain projects including Solana, Oasis, and Algorand.