Venture capital firm Uncorrelated Ventures has raised $315 million for its new fund, with 20% allocated to support crypto startups
ChainCatcher news, according to Bloomberg, Salil Deshpande of the venture capital firm Uncorrelated Ventures has successfully raised $315 million for a new fund. Despite the recent difficulties faced by global startups, especially in the crypto industry, Deshpande stated that the fundraising process was surprisingly smooth.The new fund will primarily invest in early-stage projects in traditional infrastructure software (80%) and similar startups in the crypto industry (20%). Deshpande believes that blockchain technology still holds value in the fields of storage and computing. Uncorrelated Ventures currently manages over $700 million in assets, focusing on the U.S. and global markets, particularly the Indian market.