Lightspeed Faction launches $285 million early-stage crypto fund.

BlockBeats news, November 9th. According to TechCrunch, Lightspeed Faction, a venture capital firm focused on blockchain, announced the launch of a $285 million early-stage crypto fund. The fund will focus on early-stage blockchain projects raising seed or Series A financing. Initially planned to raise $250 million, the fund exceeded its target by 14%. The average investment size ranges from approximately $5 million to $10 million. Prior to going public, the fund has already invested about 20% of its capital in a few projects, with a deployment period of approximately three years.