Media: Standard Crypto to raise $500M in a new crypto fund
- May 25, 2022
- 0
Venture capital firm Standard Crypto will raise $500 million in a new cryptocurrency fund. Axios writes about it, citing sources. The amount of funds collected so far has
Venture capital firm Standard Crypto will raise $500 million in a new cryptocurrency fund. Axios writes about it, citing sources.
The amount of funds collected so far has approached the target value. The initial plan was to raise $150 million.
Standard Crypto Venture Fund, I will focus on token and equity investments in early stage startups.
The firm’s interests include gaming, social platforms, financial infrastructure, NFTs and DAOs.
Standard Crypto was founded in 2019 by former Benchmark partners Alok Vasudev and Lightspeed Venture Partners Adam Goldberg.
With early investments in Aave, Gauntlet, Matrixport, Yuga Labs, OpenSea and Sommelier, the company has ~$1.5 billion in assets under management.
remember Andreessen Horowitz initiated A $600 million fund focusing on “game infrastructure and metaverse technologies”.
Source: Fork Log
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