Cryptobenfix raised $60 million to invest in web3 projects

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CryptoBenfix has raised $60 million for a Web 3.0-focused investment fund.

The subscription volume exceeded the planned $50 million, the firm noted. This is the fourth fundraiser for it, bringing its invested capital to $120 million.

"We are expanding our areas of interest by deepening our familiarity with Web 3.0, a new platform for creativity, coexistence and, of course, entrepreneurship," the statement said.

With the new fund, CryptoBenfix intends to support 20-25 companies within a few years, mostly in Europe and selectively in North America.

Read more about

Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.