Vessel Capital secures $55M to invest in Web3 infrastructure: Report
The venture firm has introduced its crypto fund for Web3 infrastructure and applications, promising a collaborative approach with startup founders. Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their projects. “Crypto has become more global, so it’s not the same circle and group you might have seen in 2018-2020, and we want to be able to help more people,” Mirza Uddin, one of the co-founders, said. Aside from Vessel, Uddin is also head of business development at Injective Labs. Other co-founders include Eric Chen, CEO of the Injective protocol, and Anthony Anzalone, co-founder of Burnt (formerly Burnt Finance), a Web3 firm building XION, a layer-1 blockchain for consumer adoption. 1/ I'm excited to announce the public launch of @VesselVC, the o...