May 8, 2021

Multicoin Capital debuts new $100M fund to bet on crypto startups and tokens – TechCrunch


Crypto startups couldn’t be hotter as currencies push past all-time highs and investor appetite reaches mania for new projects. Crypto investment firms that have been investing in blockchain startups for years are not only beginning to see major movement from their portfolio, but are gaining renewed appetite from LPs after a lengthy crypto winter to make bigger, more audacious bets.

Austin-based Multicoin Capital has been around since 2017 investing in blockchain startups, cryptocurrencies and tokens with a venture fund and separate hedge fund. Today, the firm announced the raise of its second venture fund as it aims to further capitalize on rampant excitement in the crypto world. The new $100 million fund will help the company back new entrants in the space, including companies tackling DeFi, digital collectibles, Web3 and crypto-enabled infrastructure.

Multicoin’s team says that it has already been investing out of this fund for several months and it seems the timing is…

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