🚀 Portal Ventures has successfully raised $75M for its second fund, targeting pre-seed Web3 startups. With backing from big names like Marc Andreessen and Chris Dixon, this NYC-based firm is on a mission to invest in crypto startups before they even have a white paper!

Their portfolio already includes Plume Network and Arch, focusing on Bitcoin programmability and decentralized infrastructure. Despite a 20% dip in investments, early-stage funding is thriving, with angel and seed rounds making up 85% of capital. Venture capitalists have poured $8B into crypto startups this year, staying on track with 2023's numbers.