LongHash Ventures launches second fund for $100M to support web3 infrastructure

LongHash Ventures, a web3-focused investment firm and accelerator, has launched its second fund for $100 million, its CEO, Emma Cui, told TechCrunch.
The VC firm is still raising capital and planning to hit $100 million for its Fund II by the end of the year, Cui said. This fund will be much larger than its first fund of $15 million, which launched in February 2021.
The Singapore-based firm decided to launch this fund because there’s been a “massive influx of talent” from Web 2.0 to web3, Cui said. “We do see a lot of deal flows not just in Asia but in the Western Hemisphere, too.”
“The previo

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