TLDR:
– Arcanum Capital has announced its second fund, the Arcanum Luganodes Fund, which will focus on early-stage and growth-stage investments in the web3 space.
– The partnership with Luganodes will give the fund access to sought-after investment opportunities and add value to its portfolio networks.
Arcanum Capital, a venture capital firm focused on supporting decentralized networks and applications in the blockchain ecosystem, has announced its second fund, the Arcanum Luganodes Fund. The new fund will focus on early-stage investments as well as more established growth-stage investments at higher valuations. Arcanum has collaborated with Luganodes, a leading staking services provider, to make this possible. Luganodes is an institutional-grade, non-custodial staking provider based in Switzerland.
The partnership with Luganodes will provide Fund II with access to highly desirable investment opportunities in the Layer 1 and Layer 2 space. This will allow Arcanum Capital to add even more value to its portfolio networks. The fund aims to support enterprising and forward-thinking teams that are establishing decentralized networks and applications for the web3 ecosystem.
Arcanum Capital’s focus on early-stage investments in the web3 space highlights the growing importance of decentralized networks and applications in the blockchain ecosystem. By supporting these teams, Arcanum Capital is helping to drive innovation and growth in the web3 sector. The partnership with Luganodes further strengthens the fund’s ability to identify and invest in promising projects.
