Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
, a blockchain-focused venture capital firm, is starting a new $285 million fund that will primarily invest in early-stage projects."Faction offers founders access to a team of experienced blockchain investors and operators, servicing the industry at a time when many have fled," the firm said in a statement Thursday."The team is primed to provide crypto-native advice, with team members hailing from.
The new fund comes as optimism is trickling into the crypto sector after a prolonged bear market, buoyed by the expectation of bitcoin spot ETF approval by the SEC. Recently, Blockchain Capital, a crypto-focused investment firm, raisedfrom VCs in a crypto fund that will provide capital to crypto builders, developers and communities with a focus on privacy,
Faction, a joint venture with a $25 billion asset-under-management VC firm Lightspeed Venture Partners, typically invests in seed-stage and Series A funding rounds.
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