New $300 million early-stage venture capital fund formed by CoinFund, a web3, cryptocurrency, and focused investment firm and registered investment adviser based in New York City.
Family offices, seasoned institutional investors, and crypto-native founders all support CoinFund Ventures I. The Teacher Retirement System of Texas, Adams Street Partners, StepStone Group, and Accolade Partners are examples of limited partners. Many of the Venrock Partners also remain limited partners in Ventures I, continuing their affiliation with CoinFund.
In the web3 investment market, CoinFund and its staff of more than 30 professionals are well-positioned.
With Ventures I, the company may intensify its assistance for startups who have shown early momentum as they advance through their next stage of growth and gain from the synergies and expertise of CoinFund’s larger portfolio of more than 100 exceptional teams.
David Pakman, managing partner and head of venture investing at CoinFund, stated in an interview with CoinDesk that the CoinFund Ventures I fund will invest in businesses that have demonstrated commercial traction and are also a part of the cryptocurrency industry with a sizable total addressable market.
Layer 1 blockchains, Web 3 infrastructure, non-fungible tokens (NFT), gambling, and asset management are among the topics of interest.
