Volt Capital, a crypto venture capital firm focused on early-stage investments, has raised $50 million for its second fund from a list of industry heavyweights.
Volt Capital was one of the original contributors to crypto accelerator program DeFi Alliance; it launched a $10 million investment fund in April 2021. Backers for the new fund include Andreessen Horowitz (a16z) General Partners Marc Andreessen and Chris Dixon, angel investor Elad Gil, Union Square Ventures Managing Partner Albert Wenger, global investment firm Tiger Global and European hedge fund manager Brevan Howard.
The larger fund gives Volt more room to pursue investments, said Amhaz, though the firm will remain focused on the pre-seed, seed and Series A rounds that are sometimes overlooked by larger funds.
“What we’re investing in thematically are founders who are reimagining systems and the rails that we use to do everyday activities,” said Amhaz, who used payments, online authentication and video games as example industries that crypto can disrupt.
“I think it’s a phenomenal time to be investing,” Amhaz said. “This is the exact right time to be doubling down.”
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