TD.VC

TradeDog Group introduces the fund to invest in promising web3 initiatives in underperforming token markets with TDeFi as the fund’s strategic partner.

DUBAI, United Arab Emirates, December 27, 2022 /EINPresswire.com/ — Key highlights:

● The $100 million fund will invest in web3 initiatives with strong fundamentals and will focus on the evolution of web3
● TDeFi, which recently partnered with DMCC and has large-scale operations in the United Arab Emirates, will be the fund’s strategic partner and support with advisory services.
● Rupesh Pednekar, a strategic global business leader with deep experience in technology and finance, will lead the fund’s operations.

TradeDog Group, the parent company of TD VC, announced the launch of its $100 million Web3 ‘special situation’ fund. The fund announcement comes with a commitment from GP of $10 million. The fund will restructure and invest in projects with good products and businesses, but struggling token markets.

This strategic move is a reflection of TradeDog Group’s commitment to web3 technology and blockchain-based applications. It paves the way for funding web3 initiatives that aim to make blockchain-powered web-based services better and more accessible.

TradeDog will leverage its following of over 3 million traders and investors to build an active trading community for the TD VC Fund 2 portfolio, while TradeDog Market Management (TDMM) will be helpful in executing sophisticated strategies in live markets (exchanges and DEXs). ) if required.

TD VC is a multi-strategy fund with a portion allocated to a flagship “investing in special situations” strategy. Through this, TD VC will provide crypto businesses with customized capital injections based on token requirements. The thematic fund will invest primarily in companies with strong fundamental businesses, but whose token markets are underperforming. TD VC’s goal is to support the long-term growth of the digital ecosystem while maximizing risk-adjusted returns for investors, all underpinned by an emphasis on value, crash protection, and optionality when rise.

As the fund’s strategic partner, TDeFi will build on its successful track record as an incubator for blockchain startups and support TD VC with a variety of deal streams and advisory services.

Rupesh Pednekar will lead the fund’s operations. He is an experienced strategic business leader and partner who will bring his experience in starting and growing new businesses, as well as extensive experience in technology and institutional finance. Rupesh has advised multiple entrepreneurs, startups and mid-market companies on their growth strategy and venture capital raising as part of a boutique advisory firm. Previously, he spent more than eight years at Moody’s Investors Service in New York City, where he led several critical initiatives related to regulatory compliance, process and methodologies updates, and technology transformation. Prior to Moodys, Rupesh successfully led high-impact projects at Verizon Wireless, including the launch of 4G, billing system upgrades, and technology integration for the company’s many acquisitions.

Speaking about TD VC’s vision for the fund, Pednekar said: “There has been a massive influx of talent from WEB2 to WEB3 and at TD VC we are looking to build on that and drive further adoption. There are a plethora of use cases for Web3 technologies and it is changing the way value and equity is distributed. Our goal is to be a catalyst for innovation and we believe our funding models will empower creators and disruptors in the web3 space to revolutionize the existing multi-layered blockchain ecosystem.”

The TD VC fund will invest in promising young companies and support the limitless possibilities of Web3 technology, enabling entrepreneurs to generate innovative projects that offer real value in building the Internet on blockchain. TD VC believes that the crypto industry must prevent volatile markets from getting in the way of innovation that drives mass adoption.

About TradeDog Group

TradeDog is a group of crypto companies that helps projects in their token lifecycle. In addition to TD VC, the companies in the ecosystem consist of TDeFi, a Web3 incubator. TDx, a token launch platform with over 30,000 whitelisted retail investors. TDMM enables liquidity and markets management, helping tokens with price and volume management. TD Research is a provider of market intelligence and on-chain analysis.

Rishab Gupta
trade dog
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