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.
It was a record sum for the sector, headlined by Circle, Ledger, Paxos and more.
ParaFi and Polychain are among the investors funding the firm behind the Fold app, the Keep protocol and an upcoming MetaMask competitor.
The crypto lender is days away from closing a $500 million Series E, sources say. A timetable for a public listing is circulating among investors.
In the last year Magic use has shifted from regular internet users to mostly Web 3 applications, said CEO Sean Li.
Sam Bankman-Fried's exchange is bringing on the largest funding round in crypto history to fuel expansion.