Electric Capital, a cryptocurrency venture Capital firm, raised $110 million in funding, 90% of which came from institutions

Blockbeats - Electric Capital, a cryptocurrency venture Capital firm, announced that it has raised $110 million in funding from a number of undisclosed institutional investors, including university endowments, 90% of which are institutional. It is understood that this is the company's second fund. Electric Capital said it has been looking at "programmable Currency" since 2017 and will continue to look for opportunities in the Layer 1 protocol, Defi and encryption-related businesses.

Founded in 2018, Electric Capital is an early-stage venture Capital firm focused on investing in cryptocurrencies, blockchain and other related fintech and markets. Electric Capital and its founders have invested in Anchorage, Bison Trails, Bitwise, Celo, Coda, Derivadex, Elrond, Mobilecoin, Oasis and NEAR, among other encryption projects and companies. Previously, the company's first fund was $35 million.

The original link: https://medium.com/electric-capital/announcing-our-110m-seed-series-a-fund-9861f6a9e1a1

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