CoinFund announced the launch of its new $300 million early-stage venture capital fund that seeks to back the most ambitious founders across blockchain sub-sectors showing early traction and large potential market sizes.
CoinFund Ventures I is backed by institutional investors, family offices, and cryptonative founders.
CoinFund believes that web3 is an important architectural transition impacting the future of the internet, financial services and intellectual property.
The web3 and crypto focused investment firm and registered investment adviser noted that catalyzed by the invention of the blockchain, web3 has emerged as one of the most "meaningful" software architectural innovations over the last decade. CoinFund said web3 has spawned thousands of companies and decentralized networks aiming to build a more equitable and open internet.
CoinFund Ventures I is looking to invest in the most important companies both facilitating and benefitting from this transition.
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