NGC Ventures has raised around $20 million for its Fund II, according to the firm.
The new fund, with a targeted size of $25 million, will deploy a wide array of investment strategie, from buying tokens, equities, and structured products to quant trading, staking, and mining.
As NGC founding partner Tony Gu pointed out in a blog post dated August, the venture firm is adopting an "all-weather investment strategy" that focuses on different investment vehicles according to different stages of market cycles (accelerating growth, inflation, slowing growth, deflation).
Based in Singapore, NGC established its first fund in 2017 and has to date invested in over 50 projects, including Algorand, CoinFLEX, and DappReview. According to NGC managing director Jack Lu, the firm collected around 5x returns on its first fund and currently has around $400 million assets under management.
A recent The Block research also recognized NGC as one of ten most active crypto funds in 2019, along with two other Asia-based funds Fenbushi Capital and Dragonfly Capital.