According to Blockchain.News, CoinFund has successfully raised $158 million for its Seed IV Fund, exceeding its initial goal of $125 million. This achievement underscores the company’s commitment to fostering innovation in the web3 ecosystem.

CoinFund, a leading crypto investment firm, has been making an industry splash since its inception in 2015. The firm was founded by Jake Brukhman, a former Highbridge Capital Management and Amazon employee, and later joined by Alex Felix, an alumnus. from American Capital. Today, CoinFund has a global team of nearly 30 people and has made more than 100 investments across six investment vehicles.

The Seed IV fund is designed to support early-stage investments in innovative teams developing web3 technologies. CoinFund CEO Jake Brukhman expressed optimism about the company’s future, stating: “Over the past two years, we’ve built a truly institutional-grade company, the model of a great professional manager at web3.”

Recent CoinFund investments include Cloudburst Technologies, a company specializing in cyber threat intelligence for digital currency fraud, Gensyn, an ML computing protocol, Giza, an AI platform for smart contracts and web3 protocols, and Robert Leshner’s Superstate , which is developing blockchain-based financial products. .

The firm also recently announced the Compound Ether Participation Rate (CESR) in collaboration with CoinDesk Indices. CESR is a global floating rate benchmark derived from the daily transaction fees and staking rewards of the Ethereum Proof of Stake (PoS) blockchain. This initiative shows CoinFund’s continued support for the growth and maturity of web3 and its core convergence.

As CoinFund continues to grow, it remains committed to its mission: “CoinFund champions the leaders of the new Internet, driven by foresight as active investors to achieve extraordinary results.” This mission statement reflects the company’s dedication to supporting the leaders of the new Internet and achieving extraordinary results through active investment.

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