Crypto-focused Multicoin Capital launches $430M venture fund

Multicoin Capital has invested in cryptocurrencies, tokens and blockchain companies. The new fund will focus on a handful of areas in the crypto ecosystem, including web3 infrastructure, decentralized finance (DeFi) tooling and new business models to collaborate on intellectual property. The company was founded in May 2017 and manages a venture and hedge fund across both public and private markets. It plans to invest anywhere between $500,000 to $25 million in early-stage projects and up to $100 million for later-stage companies. In addition to infrastructure maturity, crypto has captured the imagination of the public, says Kyle Samani, co-founder and managing partner of the firm, who says it's excited to deploy capital into the first movers that leverage them. Source