Multicoin Capital, a cryptocurrency investment company has launched announced Venture Fund III was launched to assist startups in focusing on decentralized autonomous organisations (DAOs), open financing, and Web3 infrastructure.
Venture Fund III will invest between $500,000 to $25 million in early stage blockchain companies or projects. Venture Fund III also stated that it could invest as much as 100 million US Dollars in support of mature projects with market potential.
Multicoin Capital’s managing partner Samani commented about the latest move, and said: “We are continuing to invest at a fairly rapid pace, issuing, on average, probably one term sheet per week or more for a long time like over a year… We invest across market cycles, we find assets that we think are very exciting and we buy them and then hold them forever.”
Multicoin Capital was founded in 2017 and is a thesis-driven, investment firm that invests in cryptocurrenciesBlockchain companies, tokens and tokens are changing trillion-dollar markets.
Multicoin Capital was the lead investor in Delphia’s data DAO project. It closed a Series A of $60 million in June.
In May, Crypto Valley Venture Capital (CV VC), a Switzerland-headquartered private venture capital company, announced that it has launched African Blockchain Early-Stage Fund, which targets blockchain startups from across the continent.
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