Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors. The investors in the new fund are a combination of family offices, institutional investors and high-net worth individuals, an announcement from CoinFund said.
The announcement added that the amount raised far exceeded its initial fundraising goal of $125 million, despite a general slump in the market for VC investing. “The Fund will support pre-seed and seed stage investments in new and ambitious founding teams across the web3 ecosystem,” the announcement said.
Investments made by the new fund will focus on “thoughtful, long-term” projects that have a “clear, yet non-consensus view of how next generation applications will be built on web3 rails.”
In a Twitter thread, the New York-based VC firm admitted that current environment for crypto projects is “tough,” with both foundational technical challenges to solve and an “evolving regulatory” landscape to operate in.
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