In a show of continued faith in blockchain technology, Uncorrelated Ventures has raised $315 million for its latest fund. The firm, led by Salil Deshpande, aims to use the funding to support infrastructure software and crypto startups. Despite challenges in the venture capital and crypto sectors, the fundraising success surpassed expectations. The firm now boasts assets exceeding $700 million, with 80% of the new fund dedicated to infrastructure software and the remaining 20% for crypto ventures. Deshpande remains optimistic about blockchain’s potential, highlighting its practical applications in storage and computing. Uncorrelated Ventures’ approach, combining cautious optimism with strategic diversification, sets it apart in the venture capital industry. The firm’s track record, including investments in companies like Hidden Road and CoinDCX, further solidifies its role as a key player in nurturing innovation in both the US and internationally.
Million-Dollar Uncorrelated Ventures: Global Innovation Bound
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