Castle Island Ventures confirms $ 250 million funds for web3 startups
Castle Island Ventures confirms $ 250 million funds for web3 startups
- The Castle Island Venture Fund III will concentrate on the financing of startups that build up money networks, internet infrastructure and financial services
- The 250 million dollar fund follows one year after its second fund, which focuses exclusively on public blockchains
The risk capital company Castle Island Ventures has announced an increase in $ 250 million for its latest crypto fund, which focuses on start-ups that build up money networks, internet infrastructure and financial services.
Blockworks previously reported on the upcoming laying of the fund called Castle Island Ventures III.
According to a company Blog entry On Wednesday, Castle Island Vteres said that the industry believes itself in the "early days" of a monetary transition to a regular monetary order, and try to capitalize on the movement.
"The new fund will support our mission to work with visionary entrepreneurs that build transformative companies that are driven by public blockchains," said company partner Matt Walsh in the post office.
The portfolio of Castle Island includes a series of well -known crypto startups and companies, including blockfi, bitwise, coinmetrics, mash, moonpay and river Financial.
WALSH continued to invest his company in companies that believe that they could influence the change in the financial services sector, and at the same time use web-3 protocols to further develop old financial services companies and their inability.
"Parallel to the ongoing monetary and financial transformation suggest 'Web3' and new internet architectures of digital property rights and enable new protocols and companies that aim to disturb and demonstrate online data and technology monopolies," said Walsh.
The company based in Boston also terminated Ria Bhutoria - former research director at Fidelity - as a general partner who follows greats such as Nic Carter, Walsh and Sean Judge.
His latest increase follows from his previous $ 50 million fund from last year, which focuses exclusively on public blockchains. The company's first fund was launched in 2018 and had a value of $ 30 million.
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