CoinFund Targets ‘Early Mainstream Adoption’ With $83M Venture Fund

The six-year-old crypto VC firm has headlined seven fundraising rounds so far this year.

AccessTimeIconJul 20, 2021 at 1:30 p.m. UTC
Updated May 9, 2023 at 3:21 a.m. UTC

CoinFund’s recent bets on liquidity staking and blockchain gaming are part of an $83 million fund the crypto venture firm closed in March. 

The Brooklyn, N.Y.-based CoinFund’s third fund, “Ventures,” is focused on “early mainstream adoption” projects, CEO Jake Brukhman told CoinDesk Monday. 

Where the firm’s previous fund was largely focused on non-fungible tokens (NFTs) and decentralized finance (DeFi), Brukhman said the new fund’s portfolio includes go-to-market consumer and enterprise plays, plus Web 2 developers building in the crypto space.

“Just in the first six months of this year, we are leading or co-leading seven opportunities in blockchain,” Brukhman said. 

That includes multichain protocol Moonbeam, NFT marketplace Rarible, staking platform ClayStack and the esports play Community Gaming.

Institutional investors (pensions, endowments and family offices) contributed over half of the new fund’s $83 million, Brukhman said. It’s CoinFund’s largest pool to date.

In March filings with the U.S. Securities and Exchange Commission, the VC revealed its two other private funds, "Liquid Opportunities" and "CoinFund," had gross asset values of $37.3 million and $59.2 million, respectively. Representatives for the firm declined to share total assets under management.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.