Lido DAO

Aptos

Galaxy

Spectra

<div class="cryptonews"> 
 <p class="is-style-lead">Vessel Capital, a venture capital firm, has announced the creation of its $55 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> fund.&nbsp;</p> 
 <p>The firm will use its new fund to invest in different crypto projects and web3 infrastructure, according to TechCrunch. The main aim of the fund is to help crypto projects grow and to support crypto founders at an early stage. </p> 
 <p>Vessel Capital was founded by Mirza Uddin, Eric Chen, and Anthony Anzalone. The firm has been investing nearly $10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> annually.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Growth-focused investors considering VC Spectra over Lido DAO and Aptos 
 </div> 
 <p>The company will allocate the investments over five years. Uddin will be looking to work with founders from the beginning on the ideas behind the projects.</p> 
 <p>The founder explained that it’s essential to <a rel="noopener noreferrer nofollow" title="create" href="https://thebittimes.com/tag/create.html">create</a> a strong relationship with the founders in the early stages, and a VC that has <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-related knowledge will help them be on their way to success.</p> 
 <p>Uddin added that those VCs who don’t understand how the crypto industry works are not in an excellent position to help crypto start-ups expand. </p> 
 <p>According to a report done by Galaxy Research, VC funding in the crypto ecosystem has dropped compared to 2022. During the second quarter of 2023, the crypto ecosystem received 2.3 billion from VC; last year, during the same period, the crypto funding was nearly 8 million.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> European VC crypto investments at record $5.7b in 2022, DeFi sees 120% increase 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Vessel Capital to create $55 million crypto fund

TheBitTimes

Other articles published on Aug 25, 2023

What Are ETFs And How Can Crypto Investors Invest In It

Australian Crypto Exchange Partners with PayPal to Beat Bank Restrictions Amid Crypto Crackdown

New Memecoin SINU Aims to Attract SHIB Whales (25 Aug)

Does high US consumer debt benefit Bitcoin price?

GSK Plc (NYSE: GSK): Gsk Stock Ready For A Blast, Analysts Says?

Dropbox Shifts to Metered Storage, Crypto Mining to Blame

Join our free newsletter for daily crypto updates!