Web3 VC firm CoinFund eyes $250 million for seed investments
CoinFund, a New York-based web3 investment firm, is looking to raise $250 million to invest in seed-stage startups just three months after announcing its previous fund. CoinDesk first reported the news. The company's Cayman Islands-domiciled funds are looking to raise $130 million and $20 million, while its Delaware-incorporated vehicle is seeking $100 million. CoinFund did not immediately respond to a request for comment from The Block. The firm announced a $300 million fund in August backed by institutional investors including the Teacher Retirement System of Texas, Adams Street Partners and StepStone Group.
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