Crypto-focused investment firm closes 2nd venture fund

North Island Ventures announced the closing of NIV Fund II with $125 million in commitments.

The crypto-focused investment firm will aim to make 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols with this new fund.

North Island Ventures co-founders James Hutchins, Travis Scher, and Glenn Hutchins

Initial investments will range from $250,000 to $3 million.

NIV Fund II is the firm's second new investment vehicle within the past year, bringing its total assets under management to about $300 million.

These funds will support investments in Web3 infrastructure and applications spanning multiple layers, verticals, and use cases, across DeFi, NFTs, digital identity, blockchain cybersecurity, cross-chain interoperability, DeSci, and more.

Founded in 2020 by Travis Scher, James Hutchins, and Glenn Hutchins, North Island Ventures believes that crypto is the next great enabling technology, which, over the long term, will forge an invisible, interoperable network-of-networks, facilitating the seamless and secure exchange of value across national and institutional borders.