Heartcore Capital announces first close of its new crypto-native Web3 fund securing EUR 15 million

Mazanti Transactions has advised Heartcore Capital, one of Europe's pioneering and leading venture firms, in connection with the first close of its new fund, Heartcore Capital Web3 I, dedicated to protocols and their native tokens, with a particular focus on the application layer.

Heartcore Capital has since its foundation in 2007 grown to manage c.$1BN across multiple funds from its offices in Copenhagen, Paris, Berlin, and Stockholm. The venture firm’s early investments in Web2 success stories like Tink, Neo4J, GetYourGuide, Travelperk, Reddit, and Boozt, amongst many others, have consistently positioned its funds among Europe's top performers.

Heartcore Capital’s first Web3 fund is set to focus on the cryptocurrency infrastructure sector as the firm believes that on-chain protocols will be the next stage of the software revolution and progressively will disrupt parts of the economy, like previous internet startups.

Mazanti Transactions advised long-term client Heartcore Capital in connection with the entire process from initial discussions on fund structure, fund scope and setup, to successful close.