CoinFund, a New York-based venture capital (VC) firm, has successfully raised $152 million in funding for investments in cryptocurrency and artificial intelligence (AI) startups. The firm, which already has a portfolio of over 100 companies, exceeded its initial target of $125 million. The funds were provided by high-net-worth individuals, family offices, and institutional investors. CoinFund’s co-founder and chief investment officer, Alex Felix, highlighted the direction that startups are taking, with a renewed focus on scalability, interoperability, and user experience to achieve decentralization. Despite the challenging VC fundraising environment, CoinFund has found a silver lining as entrepreneurs are now competing harder for limited funds. This allows VC firms like CoinFund more time to make thoughtful and effective investment decisions. CoinFund exclusively invests in startups at the Pre-Seed, Seed, and Series A stages of funding. Their portfolio includes promising startups like Giza and Cosmos. The firm’s ability to overcome market challenges demonstrates its expertise in the crypto and AI sectors. With a vast amount of funding in its arsenal, CoinFund is well-positioned to support early-stage startups and drive innovation in these industries.
Venture Capital Fund CoinFund Raises $152M to Invest in Crypto and AI Startups
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