According to TechFlow, on July 10, according to official news, venture capital fund Frictionless Capital announced that its Frictionless Fund has raised US$20 million in funds, focusing on investing in high-performance blockchains and category-defining applications.
The fund has invested in projects such as Backpack, DFlow, Andrena and Kuzco in the past year. Investors include Franklin Templeton, Foundation Capital, Hutt Capital, Avalon Capital, Pure Crypto, and well-known figures such as Marc Andreessen and Chris Dixon of A16z. Frictionless Capital emphasizes its high-conviction investment strategy and focuses on supporting companies that can stand out in the market.
