Venture capital firm Uncorrelated Ventures has raised $315 million for its new fund, with 20% earmarked to support cryptocurrency startups.

According to BlockBeats news on January 30th, Salil Deshpande of venture capital firm Uncorrelated Ventures has successfully raised $315 million for a new fund, as reported by Bloomberg. Despite recent difficulties faced by startups globally, especially in the cryptocurrency industry, Deshpande stated that the fundraising process went unexpectedly smoothly. The new fund will primarily invest in early-stage projects in traditional foundational software (80%) and similar startups in the cryptocurrency industry (20%). Deshpande believes that blockchain technology still holds value in the storage and computing fields. Uncorrelated Ventures currently manages assets exceeding $700 million, with a focus on the US and global markets, particularly the Indian market.