CoinFund, a NYC-based web3 and crypto focused investment firm and registered investment adviser, launched a new $300M early-stage venture capital fund.
CoinFund Ventures I is backed by a combination of sophisticated institutional investors, family offices, and cryptonative founders. Limited partners include Teacher Retirement System of Texas, Adams Street Partners, StepStone Group, and Accolade Partners. In addition, many of the Partners of Venrock continue their partnership with CoinFund as limited partners in Ventures I.
Ventures I seeks to back the most ambitious founders across blockchain sub-sectors demonstrating early traction and large potential market sizes.
Over the last ten years, catalyzed by the invention and growth of the blockchain, web3 has emerged as one of the most meaningful software architectural innovations, spawning thousands of companies and decentralized networks aiming to build a more equitable, and open internet. Ventures I seeks to invest in the most important companies both facilitating and benefitting from this transition.
CoinFund and its team of more than 30 professionals are competitively positioned in the web3 investing space. With Ventures I, the firm can deepen its support of companies that have demonstrated early traction as they accelerate through their next phase of growth and benefit from the synergies and experience of CoinFund’s broader portfolio of 100+ remarkable teams.
Ventures I will be led by David Pakman, Managing Partner and Head of Venture Investing at CoinFund.
FinSMEs
18/08/2022