Dispersion Capital, a global early-stage Web 3.0 venture firm, has announced the launch of a $40 million fund that will be dedicated to supporting the development of decentralized infrastructure, a fundamental aspect of the Web 3.0 concept.
The investment firm believes that blockchain technology has the potential to transform a wide range of industries by enabling secure and transparent transactions.
Interestingly, the newly launched fund received participation from prominent players in the industry, among which Ripple, the San Francisco-based blockchain payments firm was involved. Lightspeed, Wemade, Circle Ventures, Alchemy Ventures, Hashkey, and Forte, amongst other individual GPs at top venture firms, were also in participation.
Dispersion Capital Eyes New Market and Development
Notably, Dispersion Capital has invested in about 20 companies, with the majority getting continuous financing since Dispersion’s investment.
Meanwhile, the fund will seek out innovative projects that are working to build the infrastructure needed to support the wider adoption of blockchain. This could include initiatives focused on scaling solutions, interoperability between different blockchain platforms, and the development of new security and privacy protocols.
According to Patrick Chang, co-founder and managing partner at Dispersion Capital, the fund will prioritize investments in projects that have a strong team, a clear roadmap, and a track record of delivering results. Likewise, the firm plans to work closely with its portfolio companies to provide strategic guidance and support throughout the investment process.
With the new funds, the firm will support builders in solving infrastructure gaps for the mass adoption of Web 3.0.
Overall, the lunch of this new fund is just the latest example of the growing interest in blockchain technology among institutional investors. As more funds are established to support blockchain projects, we can expect to see continued innovation and growth in this exciting field.
As earlier reported in January, Hashkey Capital, one of the Asia’s digital leaders that specializes in blockchain and crypto investments announced that it has secured $500 million for its third investments fund. The fund was expected to be used to build Web3 and promote crypto startups globally.
It is important to note that the new funds were secured despite the crippling crypto market, and digital firms are struggling to survive in the overdrawn crypto winter. This demonstrates that there is still room for growth in the industry.
