Portal Ventures, a cryptocurrency early investment fund, is close to completing its second phase of fund raising, with a scale of US$75 million and oversubscription to US$90 million. The fund has received participation from notable figures such as Chris Dixon and Marc Andreessen from a16z, and Henry Kravis from KKR.
Portal Ventures, founded by Evan Fisher, who previously worked at Goldman Sachs and Insight Partners, focuses on providing first-round investments in cryptocurrency startups. The first phase of the US$40 million fund was completed in early 2022 and was mainly invested during the bear market in 2023.
It has been fully deployed and is expected to start distributing income next year.
Source
<p>The post Portal Ventures Raises US$90 Million for Cryptocurrency Startups first appeared on CoinBuzzFeed.</p>