Blockchain

Limited partners in previous funds include Powder Mill Foundation, Albuquerque Community Foundation, Ball Brothers Foundation and Berkshire Taconic Community Foundation.

General partner Steve Vassallo explains how Foundation's laser focus on early-stage has generated big exits from investments in Solana, Venafi and ForgeRock.

The New York-based VC intentionally downsized its latest vehicle to focus on the quality of its LP base.

The New York-based cryptocurrency investor is led by a16z alumnus and cryptocurrency specialist Jesse Walden.

New legislation that sets clearer rules for the sector is helping drive increased investment and adoption by mainstream financial institutions.

With extensive experience in enterprise-ready technology, the firm will invest in 25-30 companies across various funding stages that are developing financial service and supply chain products and services.

'Crypto venture capital not only can sell to strategic like PayPal, or IPO when the IPO market opens, but also has a liquid token market, which offers an additional source of liquidity,' says Michael Steinberg of Reciprocal Ventures.

Shine Capital is seeking to raise $200m for its third fund, less than three years after quickly raising its sophomore fund.

Fund II is 90% larger than Theory Ventures' debut fund, which secured a commitment from The Guardian Life Insurance Company of America.

Stripe's $1.1bn acquisition of Bridge signals more mainstream acceptance of stablecoins among fintech players, especially those eyeing scale-up opportunities in developing markets.