Web3 VC firm CoinFund eyes $250 million for seed investments

Quick Take

  • CoinFund, a New York-based web3 investment firm, is looking to raise $250 million to invest in seed-stage startups.
  • In August, the firm announced a $300 million fund backed by institutional investors including the Teacher Retirement System of Texas. 

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, according to three separate filings on Monday. The documents indicate that the sales have yet to occur, meaning that the funds are at a very early stage. 

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. 

Previously, CoinFund has backed the Layer 1 blockchain Solana, web3 indexing protocol The Graph and blockchain infrastructure company Blockdaemon, among other startups. More recently, it's participated in developer platform Hyperlane's $18.5 million round and crypto investment app Solvo's $3.5 million round. 


© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Tom is a deals reporter at The Block covering venture capital, fundraises, fintech and M&A. Before joining, he was an editorial intern at the FT-backed platform Sifted where he reported on neobanks, payment firms and blockchain startups. You can reach him by email at [email protected] or Telegram @tommatsuda.

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To contact the editor of this story: Nathan Crooks at [email protected]

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