FINANCIAL

$1 Billion in Funds Closed to Back Crypto Startups: Electric Capital

In a sign that the crypto currency market is maturing, startup investment firm Electric Capital has announced that it has closed a $1 billion fund to invest in crypto startups and buy tokens. This is one of the largest sums ever raised to back the burgeoning industry.

Electric Capital, a startup investment firm has announced that it has closed a $100 million fund to invest in crypto startups and buy tokens. The company is targeting early-stage companies with the hope of taking advantage of the current market conditions.

The move comes as venture capitalists are becoming more interested in the crypto space, with over $850 million being invested in the first half of 2018. The hope is that this increased investment will help to spur innovation in the industry and lead to a more widespread adoption of cryptocurrencies.

Electric Capital was founded by brothers Ari Paul and Ryan Paul, who are both experienced investors in the cryptocurrency space. The company has a portfolio that includes over 60 startups, including Coinbase, Polychain Capital, and Blockstream.

The $100 million funds is the latest in a string of large investments into the cryptocurrency industry. In December, Sequoia Capital led a $200 million investment round into Coinbase. And in January, Andreessen Horowitz announced a $300 million fund to invest in blockchain projects.

With this influx of cash, it’s clear that investors are betting on the long-term success of the cryptocurrency industry. And with the market maturing, it seems like there’s no better time to get involved. So if you’re thinking about starting a crypto startup, now is the time to do it!

What do you think about Electric Capital’s $100 million funds?

Electric co-founder Avichal Garg says the firm will use the money to buy stakes in 60 to 80 companies, with a focus on early-stage firms. The $100 million funds is the latest in a string of large investments into the cryptocurrency industry. In December, Sequoia Capital led a $200 million investment round into Coinbase. And in January, Andreessen Horowitz announced a $300 million fund to invest in blockchain projects.

With this influx of cash, it’s clear that investors are betting on the long-term success of the cryptocurrency industry. And with the market maturing, it seems like there’s no better time to get involved. So if you’re thinking about starting a crypto startup, now is the time to do it!

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