Cryptocurrency venture capital MetaWeb's first fund raised $30 million and has invested in more than thirty companies

2022-09-09 08:21:04

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Chain Catcher News, focusing on cryptocurrency startups, venture capital firm MetaWeb Ventures announced that it has raised $30 million for its first fund, supported by Sequoia Capital, Dragonfly Capital, Near Foundation, and others. MetaWeb stated in an email on Thursday that the fund aims to primarily invest in decentralized social media, decentralized finance (DeFi), gaming, and DAOs. MetaWeb mentioned that the fund has been operating in stealth mode for the past few months and has already invested in over 30 startups, including the decentralized trading protocol Orderly Network. MetaWeb Ventures was established as an ecosystem fund for the NEAR Protocol, and the company has expanded its target scope beyond NEAR to invest in applications on other networks, including Ethereum, Aurora, and Cosmos. (Source link)

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