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Venture capital firm Lattice Capital which focuses on early-stage bets on cryptocurrency projects has raised $60 million for its second fund, tripling the capital commitment from its first purse last August.
Lattice general partner Mike Zajko told CoinDesk in an interview, that the company will write $500,000 to $1.5 million cheques out of the fund with plans to invest in 40 to 50 companies.
Capital has already been deployed to nine companies, though the only deal that was publicly announced so far was for Optic, a startup that uses artificial intelligence to authenticate non-fungible tokens (NFTs).
“We continue to be impressed by the talent entering the crypto space and welcome a bear market as an advantageous time for committed investors like us to partner with promising new projects that are as excited to build in bears as a bull,” Zajko told CoinDesk.
Source - CoinDesk
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