TLDR:
- Robot Ventures, a New York-based venture capital firm, has secured a $75 million fourth fund.
- The firm’s focus is on early-stage crypto projects at the pre-seed and seed stages.
Robot Ventures, led by Tarun Chitra and Robert Leshner, has announced its largest fund to date, backed by TrueBridge Capital Partners, Haun Ventures, and A16z’s Marc Andreessen and Chris Dixon. The firm’s strategy remains focused on investing in early-stage crypto projects, with previous investments including EigenLayer, Lido Finance, and Flashbots.
The fundraising for the fourth fund comes amidst a trend of increased funding in the Web3 space, with other firms like Hack VC and Paradigm also raising significant amounts. Robot Ventures’ approach to investing includes being more active in bear markets and exercising caution in high valuation environments.
Overall, the Web3 startup ecosystem has seen a resurgence in funding, with significant amounts raised in the first and second quarters of 2024. Robot Ventures aims to continue supporting emerging crypto projects and contributing to the growth of the industry.
