Digital asset company Castle Island Ventures completed the largest financing in history, up to $250 million to invest in startups focused on building currency networks, financial services and Internet architecture, such as web3.
Castle Island Ventures is a venture capital firm founded by Fidelity alumni Nic Carter and Matt Walsh, focused on . They invest in infrastructure and application companies that will enable these transformative protocols to power services for the next billion users.
Castle Island Ventures has raised a total of $30M across 2 funds.
Walsh expressed his hope that in addition to leading the pre-seed stage investment of excellent blockchain startups, he also hopes to lead more excellent web3 companies in Series A investment.
Walsh in a phone interview with Bloomberg：
“The market opportunity and the wave of entrepreneurs that are actually starting things is just a lot bigger. The way we've reacted to the explosion in the space is to beef up our team and give ourselves the ability to go out and be a lot more aggressive in deploying capital in some of these companies.”
As by blockchain.News on January 21, Wallet Street Venture Capital firm, Andreessen Horowitz (a16Z) is rallying investors for a $4.5 billion dual fund targeted at making strategic investments in the cryptocurrency ecosystem.
$3.5 billion is billed to be earmarked for its newest cryptocurrency enterprise fund, while $1 billion will be reserved for strategic investments in crypto startups seeking seed funding.
Investments into blockchain startups topped $30 billion in 2021, a figure that surpasses funding received in 2018, 2019, and 2020 combined.
Image source: Shutterstock
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