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Today: November 14, 2024
August 31, 2024
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Robot Ventures secures $75 million for crypto startup investments

TLDR:

  • Robot Ventures, a U.S.-based crypto VC firm, has raised $75 million for its fourth fund.
  • The fund attracted industry heavyweights like TrueBridge Capital Partners and Andreessen Horowitz.

Robot Ventures, an early-stage venture capital investor focused on projects in the cryptocurrency space, has raised $75 million for a new crypto fund. The fund is the firm’s fourth and is nearly three times bigger compared to its previous funds. The raise comes amid growing interest in crypto from institutional investors. The fund attracted heavyweights like TrueBridge Capital Partners and Andreessen Horowitz, known for investing in top crypto projects.

The overall crypto VC landscape has seen increased interest, with other firms like Hack VC raising $150 million in February and Paradigm announcing $850 million in June. Key sectors attracting VC interest include real-world assets projects, zero-knowledge proofs, decentralized physical infrastructure networks, artificial intelligence, decentralized finance, capital markets, and the Bitcoin economy ecosystem. Robot Ventures recently backed a project called zkMe, which aims to build a zero-knowledge credential layer for web3, in a $4 million round led by Multicoin Capital.

Overall, the article highlights the growing interest in crypto VC investments and the key sectors that are attracting funding in the cryptocurrency space.

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