CoinFund, a NYC-based cryptonative investment firm and registered investment adviser, closed CoinFund Seed IV Fund LP, at $158m.
The fund was backed by a combination of sophisticated institutional investors, family offices, and high net worth individuals.
CoinFund Seed IV LP will support pre-seed and seed stage investments in new and ambitious founding teams across the web3 ecosystem.
Founded in 2015 by Highbridge Capital Management and Amazon alum Jake Brukhman, and later joined by co-founder and American Capital alum Alex Felix, CoinFund is now supported by an interdisciplinary global team of nearly 30 people with more than 100 investments across six investment vehicles.
The investment team focused on deploying capital into seed-stage deals is led by Managing Partners Jake Brukhman (focus areas currently include decentralization technologies and infrastructure, AI x web3); Alex Felix (marketplaces, infrastructure, financial services); Seth Ginns (cross-vertical liquid investing); David Pakman (NFTs, consumer, infrastructure) and Chris Perkins (financial convergence, tokenization, CeFi.) The team includes Vangelis Andrikopolous, Austin Barack, Einar Braathen, Evan Feng, Christian Murray, Rishin Sharma and Isaiah Washington. Areas of expertise include ZK/ML/AI; DeFi; Layer 2s; consumer services, gaming, NFTs and DAOs; infrastructure including nodes, security, analytics, middleware, interoperability and scalability, and emerging markets.
Recent appointments included the ones of Dilveer Vahali as Head of Venture Legal, Jules Mossler as Head of Marketing & Communications, and Jenna Pilgrim as Head of Platform.
In the last month alone, CoinFund has announced investments in Cloudburst Technologies’ cyberthreat intelligence for digital currency fraud; ML compute protocol Gensyn; Giza, an AI platform for smart contracts and web3 protocols; Cosmos layer 1 blockchain Neutron; and Robert Leshner’s Superstate, building blockchain-based financial products.
FinSMEs
18/07/2023