Uncorrelated Ventures, a venture capital firm, has raised $315 million for its latest fund, with 80% of the capital to be invested in early-stage startups in traditional infrastructure software. The remaining 20% will be allocated to similar startups in the crypto industry. This funding brings the firm’s total assets under management to over $700 million. The success of the fund’s closure highlights investor interest in innovative and disruptive technologies across various industries. Although global VC funding has declined, with crypto VC funding in Q1 2023 down 80% from the previous year, Uncorrelated Ventures’ achievement demonstrates the importance of venture capital in driving economic growth and fueling innovation. Other companies such as Polychain Capital and Pando have also secured funding in the midst of the decline in VC funding, indicating that investors are still interested in supporting startups with strong business plans that can navigate challenging market conditions.
Fueling Innovation: Uncorrelated Ventures Secures $315M in Funding
Latest from Blog
Birdnest: Egyptian Startup Secures Pre-Series A Funding for Proptech
TLDR: Egyptian proptech startup Birdnest secured pre-Series A funding from Beltone Venture Capital and CI Venture Capital. The funding amount remains undisclosed but is exchanged for a 20 percent stake in the
Empowering Europe’s LGBTQ+ startups: Identityvc’s capital and community
TLDR: TechCrunch is part of the Yahoo family of brands. When using their sites and apps, they use cookies for various purposes. In a recent article, TechCrunch, a member of the Yahoo
NAB Ventures on the Hunt for Fresh Investments Amid Model Evolution
TLDR: NAB Ventures is actively looking for new investments in the market for startups and fintechs. NAB Ventures remains committed to its original label and strategy while other bank VC funds have
Israel: A Lucrative Investment Opportunity Amid Middle East Conflicts
TLDR: A new investment club named “Eretz Angels” has been launched to support deep-tech technological ventures in Israel’s northern and southern communities. The club aims to breathe new life into struggling areas
DeSantis and GOP Sabotage Diversity, Equity, and Inclusion Efforts
TLDR: A three-member panel ruled that the Fearless Fund violated the Civil Rights Act by awarding grants to Black women Less than 1% of venture capital goes to Black and Hispanic women-owned