Venture capital firm CoinFund has raised $158 million for its new fund, which will be used to support crypto startups

ChainCatcher news, according to Bloomberg, venture capital firm CoinFund has raised $158 million for its new fund to support early-stage crypto startups. CoinFund's latest investment vehicle is its fourth seed fund, which has already invested in Giza (a startup aimed at bringing artificial intelligence into smart contracts) and Superstate (which plans to combine DeFi and mutual funds). With the new influx of capital, CoinFund will focus part of its attention on startups at the intersection of crypto and artificial intelligence, while continuing to make token investments.

CoinFund's Chief Investment Officer Alex Felix stated that about 90% of the company's deals involve tokens, and they still believe that the industry can integrate with traditional finance in a regulated manner.