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Electric Capital Raises $110 Million For Its Second Fund, Institutional Capital Made Up 90% Of It

Lily Yang

Summary: Announced Monday, Electric Capital closed its second crypto fund at $110 million, with institutional investors making up 90% of it. While second fund investors are undisclosed, Electric Capital’s co-founder Avichal Gard revealed that multiple university endowments have been included, serving as a vanguard for other traditional investors. Electric Capital will continue its focus on Layer ...

Announced Monday, Electric Capital closed its second crypto fund at $110 million, with institutional investors making up 90% of it.

While second fund investors are undisclosed, Electric Capital’s co-founder Avichal Gard revealed that multiple university endowments have been included, serving as a vanguard for other traditional investors.

Electric Capital will continue its focus on Layer 1 protocols, decentralized finance, and crypto-enabled businesses.

By Lily Yang

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Tags: Crypto,DeFi,electric capital
Link: Electric Capital Raises $110 Million For Its Second Fund, Institutional Capital Made Up 90% Of It [Copy]

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