Ethereum Investor Raises $430M for III Crypto Fund
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Cryptocurrency investment firm Multicoin Capital has attracted $430 million for its third fund called Venture Fund III that will invest from $500,000 up to $25 million in early-stage opportunities.

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The Texas-headquartered firm said in a blog post it will invest in such areas as proof of physical work, DataDAOs, creator monetization, consumer products and, Web3 and open finance. Multicoin Capital added:

"We continue to invest in core Web3 infrastructure with more recent investments such as Ceramic and Fluence, as well as a few more we have yet to share."

Multicoin Capital Reveals New $100M Venture Fund for Crypto Space

Multicoin Capital invested in over 90 projects so far, including Ethereum, Flow, FTX, Paxos, Solana, Tagomi and others. The largest one was Delphia, a mobile-investment platform, where the project raised $60 million.

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