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Multicoin Capital to Raise $250 Million for Third Crypto-focused Venture Fund
Summary: Crypto-focused hedge fund Multicoin Capital plans to raise $250 million for a third venture fund aimed at crypto startups, The Information reported after reviewing the company's fundraising materials. Austin, Texas-based Multicoin had already raised $100 million for a second fund in May, and plans to finish fundraising by the end of 2021. It joins other ...
Crypto-focused hedge fund Multicoin Capital plans to raise $250 million for a third venture fund aimed at crypto startups, The Information reported after reviewing the company's fundraising materials.
Austin, Texas-based Multicoin had already raised $100 million for a second fund in May, and plans to finish fundraising by the end of 2021. It joins other firms bolstering their crypto funds this year, including Andreessen Horowitz .
Multicoin is interested in exploring opportunities in decentralized finance (DeFi) interest rate markets, its co-founder Tushar Jain wrote. The firm recently led a funding round for the DeFi project Strips Finance, which intends to set up a decentralized exchange for trading interest rates.Binance invested in Multicoin in March, making it a partner of the hedge fund.
By Amy Liu
Tags: Crypto,Multicoin Capital,Venture Fund
Link: Multicoin Capital to Raise $250 Million for Third Crypto-focused Venture Fund [Copy]
