FinTech news in investor category

The new fund will invest in crypto projects and companies that focus on layer-1 blockchains, web3 infrastructure, DeFi, NFTs and gaming, payments, asset management, exchanges, marketplaces and decentralized applications, Pakman said. Seven-year-old CoinFund is launching a $300 million early-stage web3 venture fund, CoinFund Ventures I, which is backed by institutional investors, family offices and crypto-native founders. Pakman thinks the recent drawdown in crypto asset prices generally provides more favorable entry prices for venture capital funds like CoinFund, but the transition from Web 2.0 to web3 is in its early stages. Even in this bearish crypto market, there more evidence of consumer and institutional adoption than previous cycles, Pakman commented.

Tribevest plans to use some of the proceeds from its seed round to launch formal partnerships with investment platforms similar to Roofstock, which will allow users on those platforms to make investments directly through their Tribevest account at checkout, Smith said, though he declined to name any specific platforms the company plans to partner with.