Vessel Capital to create $55 million crypto fund
Vessel Capital, a venture capital firm, has announced the creation of its $55 million crypto fund. The firm will use its new fund to invest in different crypto projects and web3 infrastructure, according to TechCrunch. The main aim of the fund is to help crypto projects grow and to support crypto founders at an early stage. Vessel Capital was founded by Mirza Uddin, Eric Chen, and Anthony Anzalone. The firm has been investing nearly $10 million annually. You might also like: Growth-focused investors considering VC Spectra over Lido DAO and Aptos The company will allocate the investments over five years. Uddin will be looking to work with founders from the beginning on the ideas behind the projects. The founder explained that it’s essential to create a strong relationship with the founders in the early stages, and a VC that has crypto -related knowledge will help them be on their way to success. Uddin added that those VCs who don’t understand how the ...