1RoundTable: Fueling Growth-Stage Ventures with $800M in Digital Assets

Digital asset-focused venture capital firm 1RoundTable Partners (1RT) is seeking to raise up to $800 million for a growth-stage fund that will invest in startups in the infrastructure, blockchain, and financial services sectors, as well as smaller categories such as Web3 gaming, NFTs, and the Metaverse. The firm aims to make 10 to 15 investments and gain 5 to 10 board seats across its portfolio companies. CEO Dan Tapiero expressed optimism about the crypto industry despite recent declines in investment. He noted that the current market presents attractive opportunities for investors, with secondary prices discounted by 50% to 80% compared to previous funding rounds, even for well-performing companies. 1RT has already made some initial investments using its own funds and has attracted interest from large players such as family offices and sovereign entities.