Vessel Capital secures $55M to invest in Web3 infrastructure: Report

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications.

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch. 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 , a Web3 firm building XION, a layer-1 blockchain for consumer adoption., the operator led Web3 fund for early stage startups.

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