Frictionless Capital: Frictionless Fund I has raised $20 million, focusing on blockchain projects

ChainCatcher news, Frictionless Capital announced that its Frictionless Fund I has raised $20 million to invest in high-performance blockchains and category-defining applications.

Frictionless Fund I has received support from several global institutions, including Franklin Templeton and Foundation Capital, as well as funds like Hutt Capital, Avalon Capital, and Pure Crypto. It has also garnered support from A16z's Marc Andreessen and Chris Dixon, Invesco's Kelvin Liu, and general partners from well-known cryptocurrency funds such as Multicoin, Framework, Coinfund, Big Brain Holdings, and AllianceDAO. Additionally, it has received backing from multiple cryptocurrency founders, including Raj Gokal and Anatoly Yakovenko of Solana, Sergey Gorbunov and Georgios Vlachos of Axelar, Mo Shaikh and Avery Ching of Aptos, and Kevin Sekniqi of Avalanche. Other notable angel investors include Santiago Santos and Spencer Noon. The fund has made several investments over the past year, such as Backpack, DFlow, Andrena, and Kuzco.