According to Foresight News, Electric Capital, a Web3 venture capital firm, is reportedly raising $300 million for its third fund, Electric Capital Venture Fund III. The information was revealed in documents submitted to the U.S. Securities and Exchange Commission (SEC). The fund will offer equity in a joint investment fund as a security and has not yet made its first sale. The issuance period is not intended to exceed one year.
Previously, Electric Capital raised $1 billion in March 2022 to invest in early-stage crypto startups.