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, 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)

ChainCatcher news, NFT pet game Dogami has completed a $7 million extension seed round financing, led by XAnge, with participation from Bpifrance, Blockchain Founders Fund, and Wagram Capital.It is reported that Dogami is a Web3 game that allows players to adopt and raise virtual dogs, which come from outer space with a purpose to come to Earth. Dogami launched 12,000 NFTs in the first quarter of this year. In addition, Dogami's token DOGA can be used to buy and sell NFTs and accessories, as well as participate in activities within the game.According to Rootdata, Dogami completed a $6 million seed round financing last December, with investments from Ubisoft, Animoca Brands, Tezos, and GSR. (The Block)