Multicoin Capital's latest fund is backed by several limited partners and traditional VC funds such as Helium, Hivemapper, Delphia, Metaplex, and FanTiger.
Multicoin Capital’s latest fund is backed by several limited partners and traditional VC funds such as Helium, Hivemapper, Delphia, Metaplex, and FanTiger.
The ongoing crypto winter has been so far uneasy for investors, but for true believers of the new technology, it seems like time to double down their efforts on high-potential projects. Fintech-focused US VC firm Lightspeed Venture Partners announced the launch of a new blockchain-focused team – Lightspeed Fraction – to invest in early-stage blockchain projects.The news comes along with Lightspeed Venture Partners unveiling three new US funds that have, in total, raised $6.
The decision to bet big on blockchain companies corresponds to the investment thesis that the tech “is changing how network participants are incentivized, how startups within this ecosystem are funded, and how communities can coalesce their shared power to create change,” the firmThe VC began investing in cryptocurrencies in 2013, regarding digital assets as a key technology that offers unprecedented opportunities to the “underbanked“We believe the industry is still early in the transition from...
It’s worth mentioning that Multicoin Capital’s co-founders, Kyle Samani and Tushar Jain, are the fund’s largest limited partners. Samani noted that the current bear market does not change the company’s strategy of investing aggressively in Web3 and blockchain companies.having a stake in one of Multicoin Capital’s funds, making people wonder if such exposure could cause financial stress to the venture, Samani clarified that it had “absolutely no impact” on MC.
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