Crypto funding: Investment firms dominate $359M week
crypto Crypto funding: Investment firms dominate $359M week 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Crypto firms raised over $359 million in fresh funding rounds this week. Among the big draws: Web3 venture capital firm CoinFund, pulled in $158 million from institutional investors, family offices and high net worth individuals. CoinFund is an avid investor in startups, recently helping to kick in $10 million to blockchain network Neutron. The firm also contributed to the pre-seed rounds for Dfinity and Cryptoys in 2017 and 2021, respectively. The nine-figure cash injection will allow CoinFund to continue contributing to pre-seed and seed stage investments across the Web3 ecosystem. CoinFund, founded in 2015, has a staff of close to 30 people and has more than 100 investments across six investment vehicles. Over the last 18 months, the firm raised over $550 million using venture and liquid investment strategies, according to a statement. Other investment firms brought in fresh capital this week. PSE Trading, a digital asset fund based in Hong Kong, raised $10 million, an affiliated representative told Blockworks. Cipholio Ventures was a key investor in the firm. Meanwhile, Polychain Capital, a mainstay in the crypto investing world, reportedly garnered $200 million this week for a fourth crypto venture capital fund, according