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Crypto Venture Capital Electric Capital Aims to Raise $300 Million For New Fund
Summary: According to a filing with the U.S. Securities and Exchange Commission, Web3 venture capital firm Electric Capital is aiming to raise $300 million for a new fund named Electric Capital Venture Fund III, which will offer pooled investment fund interests as a type of security. The initial sale of the fund has not yet occurred, and Electric ...
According to a filing with the U.S. Securities and Exchange Commission, Web3 venture capital firm Electric Capital is aiming to raise $300 million for a new fund named Electric Capital Venture Fund III, which will offer pooled investment fund interests as a type of security. The initial sale of the fund has not yet occurred, and Electric Capital does not intend for the offering to last more than a year.
Electric Capital is a Web3 venture firm located in Palo Alto, California founded by Curtis Spencer and Avichal Garg in 2018. In 2020, Electric Capital raised $110 million for its second venture fund.
In March 2022, Electric Capital raised $1 billion in venture capital to invest in early-stage crypto startups.
Author: Katie Lin
Tags: Avichal Garg,Curtis Spencer,electric capital,Electric Capital Venture Fund III,venture firm,Web3
Link: Crypto Venture Capital Electric Capital Aims to Raise $300 Million For New Fund [Copy]
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