Nexiscrypto raised $60 million to invest in web3 projects

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

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

Read more about

Simon Calder

Simon is outgoing young lad who likes adventures and discovering new things. Despite his boring life, He loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.