CoinFund Announces New Early-Stage $300M Web3 Venture Fund

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CoinFund

  • Complements CoinFund’s existing and successful strategies

  • CoinFund remains bullish in the face of challenging market conditions and has continued to demonstrate its steadfast commitment to companies defining web3

  • Announces the addition of Einar Braathen from Accel to the CoinFund Venture Investing Team

  • New institutional partners are a testament to CoinFund’s track record in delivering results for institutional and private clients since 2015 and through multiple industry cycles.

Over the last ten years, catalyzed by the invention of the blockchain, web3 has emerged as one of the most exciting and meaningful software architectural innovations, spawning thousands of companies and decentralized networks aiming to build a more equitable, and open internet. Ventures I seeks to invest in the most important companies both facilitating and benefitting from this transition.

“As a founder, I value the cryptonative culture at CoinFund. We appreciate that they have been a part of web3 communities since 2015”

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A number of current CoinFund seed stage portfolio companies are preparing to raise Series A funding and wish to maintain the support and partnership of CoinFund’s cryptonative investing team and its “founders first” philosophy. In addition to making early-stage, venture-scale investments in existing portfolio companies , Ventures I will seek to partner with new and ambitious founding teams.

After seven years of investing, company building, and community involvement, CoinFund and its team of more than 30 professionals are competitively positioned in the web3 investing space. With Ventures I, CoinFund can deepen its support of companies that have demonstrated early traction as they accelerate through their next phase of growth and benefit from the synergies and experience of CoinFund’s broader portfolio of 100+ remarkable teams.

CoinFund, a leading web3 and crypto focused investment firm and registered investment adviser, is delighted to announce the launch of CoinFund Ventures I (“Ventures I” or the “Fund”), their new $300M early-stage venture capital fund, backed by a combination of sophisticated institutional investors, family offices, and cryptonative founders. Ventures I seeks to back the most ambitious founders across blockchain sub-sectors demonstrating early traction and large potential market sizes. The launch of Ventures I demonstrates CoinFund’s conviction that web3 is an enormous and important architectural transition impacting the future of the internet, financial services and intellectual property, and their belief that web3’s evolution will continue to progress through all market cycles.

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