Cryptofenixis raised $60 million to invest in web3 projects

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CryptoFenixis 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, CryptoFenixis intends to support 20-25 companies within a few years, mostly in Europe and selectively in North America.

Read more about

Megan Sheets

Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.