TradeDog Group, the Dubai, United Arab Emirates-based parent company of TD CVannounced 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. 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.

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.

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. Pednekar 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, Pednekar led high-impact projects at Verizon Wireless, including the launch of 4G, billing system upgrades and technology integration for the company’s many acquisitions.

financial SMEs

12/29/2022