Crypto VCs have raised over $2.2 billion in new capital this year

As of August, crypto venture capital firms have raised more than $2.2 billion in new capital through closed-end funds this year, BlockBeats reported.

In the past few weeks alone, at least six VC firms have raised more than $500 million in total, including ParaFi Capital’s $120 million fund, Borderless Capital’s $100 million fund, Hack VC’s $77 million fund, and Robot Ventures’ $75 million fund.

Additionally, several funds are actively seeking new capital this year, with Dragonfly Capital seeking to raise $500 million for its new fund and having already raised half of that amount, according to Bloomberg.