Crypto-focused Multicoin Capital launches $430M venture fund

Crypto-native venture capital firm Multicoin Capital announced a new fund, its third and largest to date at $430 million.
“As evidenced by our first and second venture funds, some of the best opportunities arise in bear markets,” Tushar Jain, co-founder and managing partner at Multicoin Capital, told TechCrunch. “Valuations are more reasonable; founders are more focused, long-term, and motivated; and real users explore projects they are genuinely passionate about.”
It plans to invest anywhere between $500,000 to $25 million in early-stage projects and up to $100 million for later-stage compan

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