Venture capital firm multicoincap isn't slowing down in the face of the bear market, announcing a new $430 million fund for crypto startups. LizKNapolitano reports
isn’t slowing down in the face of the market slump with its latest fund, the $430 million Venture Fund III.
Multicoin Capital CEO Kyle Samani says those numbers aren’t set in stone, however, and some projects may be eligible to receive greater sums of capital from the firm. “We don't have a strict rule like ‘$25 million max’ for this size deal,” Samani told CoinDesk in an interview last week. “We don't think in those terms.”
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