VC firm Heartcore expands focus to Web3 via app-focused fund

Venture capital firm Heartcore Capital is investing in the crypto segment’s application layer protocols as part of a bet on technologies that foster user interaction with the space.

The Denmark-based company has raised 15 million euros ($16.3 million) for its first Web3 fund set to allocate to founders building upon crypto infrastructure Heartcore says is primed for wider adoption. 

“We believe that the shift towards on-chain protocols is the next stage of the software revolution of the past three decades,” Heartcore partner Yacone Ghalim told Blockworks. “We foresee that protocols will progressively disrupt parts of our economy, like previous internet startups.”


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