Web3 Investment Firm CoinFund To Raise $250 Million To Invest In Seed-stage Startups

According to new filings with the US Securities and Exchange Commission on Monday, cryptocurrency-focused investment firm CoinFund is trying to fund $250 million for startup investments.

The filings came less than three months after the company launched a $300 million venture capital fund, a remarkably quick turnaround time amid a down market.

According to three separate filings on Monday, the company’s Cayman Islands-domiciled funds are demanding $130 million and $20 million, respectively, while its Delaware-incorporated vehicle is requesting $100 million.

The paperwork shows that the sales have yet to take place, indicating that the funds are in their early stages.

CoinFund has previously invested in Layer 1 blockchain Solana, Web3 indexing system The Graph, and others. It most recently participated in the $18.5 million round of developer platform Hyperlane and the $3.5 million round of crypto investing tool Solvo.

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