Lightspeed Faction launches $285M startup fund for crypto tasks

Enterprise capital agency Lightspeed Faction has created a $285 million fund for crypto startups, based on a Nov. 9 announcement. The fund will deal with “early stage blockchain tasks” and also will present capital as these tasks scale, the announcement said.

Lightspeed Faction mentioned it may possibly present founders entry to “a crew of skilled blockchain buyers and operators,” together with members of the Amber Group, Blockchain.com, and Coinbase (NASDAQ:) groups. The agency is a three way partnership between the extra conventional tech-oriented fund Lightspeed Enterprise Companions and the crypto-only fund, Faction. It makes an attempt to mix the experience of each organizations in an effort to maximize success.

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