ChainCatcher news, according to informed sources, despite signs of recovery in the Web3 market, the European venture capital firm XAnge has quietly stopped raising funds for its first cryptocurrency venture capital fund.In 2022, the venture capital announced it was raising funds for its dedicated cryptocurrency fund, the Digital Ownership Fund, with a target size of 80 million euros, recruiting Luc Jodet, co-founder of the Paris Web3 luxury platform Arianee. However, now due to difficulties in securing enough supporters to complete the initial fundraising, its CEO Cyril Bertrand has stated that they will no longer raise funds for this cryptocurrency-specific fund.

ChainCatcher news, according to Robots.net, European venture capital firm Connect Ventures has announced that its fourth fund has completed fundraising of $80 million, with support from British Patient Capital, De Agostini, Big Society Capital, Top Tier, and Molten Ventures.The new fund will enable Connect Ventures to continue making pre-seed and seed investments in areas such as B2B SaaS, fintech, consumer, and Web3.According to the crypto data platform RootData, Connect Ventures' investments in the Web3 space include projects like Cheq, Anytype, and Zealy.

ChainCatcher news, European venture capital firm Xange has launched an early-stage seed fund and is currently raising funds to invest in Web3 startups.According to the crypto data platform RootData, as of now, the venture capital's portfolio includes open banking platform Deposit Solutions, crypto asset hardware wallet Ledger, and NFT game Dogami, among others. Additionally, Xange raised €220 million for its fourth fund in July 2022, focusing on investments in digital health, DeFi, Web3, development tools, and other areas. (source link)