CoinFund to back early crypto startups with fresh $158 million: Bloomberg
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Quick Take
- CoinFund raised $158 million for a new early-stage crypto startup investment fund.
- The raise is 26% higher than CoinFund intended after originally aiming for $125 million.
Web3 investment firm CoinFund has raised $158 million to invest in early-stage crypto startups, Bloomberg reported.
The raise is 26% greater than the $125 million CoinFund had intended to amass after receiving more interest than originally expected for what will be its fourth seed fund, CoinFund CEO Jake Brukhman told Bloomberg.
The company intends to focus on startups at the intersection of crypto and AI, according to the report.
"Some of the more consumer stuff is a little bit in a lull, like if you look at the NFT space,” Brukhman told Bloomberg.
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AUTHOR
MK Manoylov is a former reporter at The Block.
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