Lightspeed Faction launches $285M startup fund for crypto projects By Cointelegraph
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Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.
Lightspeed Faction said it can provide founders access to “a team of experienced blockchain investors and operators,” including members of the Amber Group, Blockchain.com, and Coinbase (NASDAQ:) teams. The firm is a joint venture between the more traditional tech-oriented fund Lightspeed Venture Partners and the crypto-only fund, Faction. It attempts to combine the expertise of both organizations in order to maximize success.
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Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.
Lightspeed Faction said it can provide founders access to “a team of experienced blockchain investors and operators,” including members of the Amber Group, Blockchain.com, and Coinbase (NASDAQ:) teams. The firm is a joint venture between the more traditional tech-oriented fund Lightspeed Venture Partners and the crypto-only fund, Faction. It attempts to combine the expertise of both organizations in order to maximize success.
Continue Reading on Cointelegraph
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