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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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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.