According to Foresight News, crypto advisory firm Reverie is set to launch a $20 million flagship fund to invest in pre-seed and seed-stage crypto companies. The fund is led by two undisclosed US institutional investors.

Reverie's investment projects include decentralized exchange Osmosis, blockchain scaling-focused Sovereign Labs, and Solana-focused cryptocurrency market Orca. Reverie's co-founders, Sukernik and Derek Hsue, were previously investors at Digital Money Group and Blockchain Capital, respectively, before founding Reverie.