Multicoin Capital raises $430M for new crypto startup fund
Even with Bitcoin, Ether and altcoins in a bear market, venture funding for the blockchain industry continues to grow. Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market. Multicoin’s Venture Fund III will invest between $500,000 and $25 million in early-stage companies across various crypto- and blockchain-focused industries, the company announced Tuesday. It’s also willing to invest values of up to $100 million or greater for later-stage....
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Decentralized autonomous organizations continue to gain traction. In the case of Delphia, retail traders will be rewarded for contributing their personal data. Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO). The Series A was led by crypto-focused venture firm Multicoin Capital, with additional participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures and Cumberland. Delphia will use....
Solana could see its biggest treasury bet to date with Galaxy Digital, Jump Crypto, and Multicoin Capital reportedly lining up a $1 billion plan. Galaxy, Jump, Multicoin Are In Talks Over New Solana Treasury As reported by Bloomberg, Galaxy Digital, Jump Crypto, and Multicoin Capital are looking to raise funds to accumulate $1 billion in […]
Visa Inc. and Paypal have invested in Blockchain Capital’s new fund. The venture capital firm focuses exclusively on the crypto ecosystem and blockchain technology. Blockchain Capital Raises $300M for Its New Fund Blockchain Capital announced Tuesday that it has raised $300 million for its 5th venture capital fund (Fund V). Paypal and Visa were among the investors. Others include pension funds, major university endowments, and family offices from around the world, the company said, adding that select investors, including Paypal and Visa, will participate in its strategic partnership....
While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.”
Multicoin Capital Executive Claims the ‘Next Bear Market Will Not Be Like the Last One’
One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past two crypto winters that shaved digital currency prices....
Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m. According to Forbes, the fundraise was oversubscribed, having had an original target of $10m. The announcement follows Blockchain Capital's $7m fund, revealed last June. The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects. Brad Stephens, managing partner for the firm, said in a statement: "We are excited to announce the closing of our....