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Uncorlated Ventures Raises $315 Million For New Fund, 20% To Support Crypto Startups
Summary: Venture capitalist Salil Deshpande announced that his company Uncorlated Ventures has raised $315 million in new funds, Bloomberg reported. Salil Deshpande said there was "no difficulty" in raising funds. Last year, the total value of venture capital deals fell to its lowest level since 2019, with the crypto industry being particularly hard hit. However, Deshpande ...
Venture capitalist Salil Deshpande announced that his company Uncorlated Ventures has raised $315 million in new funds, Bloomberg reported.
Salil Deshpande said there was "no difficulty" in raising funds.
Last year, the total value of venture capital deals fell to its lowest level since 2019, with the crypto industry being particularly hard hit. However, Deshpande said that there were more interested investors than he expected, and Uncorlated Ventures will use approximately 80% of the funds for early-stage investments in traditional infrastructure software and 20% to support similar startups in the crypto industry.
Tags: startups,Uncorlated Ventures
Link: Uncorlated Ventures Raises $315 Million For New Fund, 20% To Support Crypto Startups [Copy]
