ParaFi Capital has raised $120 million from investors including Theta Capital Management and Accolade Partners, signaling the strong growth of crypto funds. 📈

- Lemniscap has also raised $70 million to invest in blockchain startups.

- Market sentiment improves, crypto companies increase capital raising.

- ParaFi will use part of the fund to buy GP shares in other crypto funds, expected to have up to 50 shares in the next 3-5 years.

- Parfin, a digital asset infrastructure company, has just completed a $10 million Series A round led by ParaFi.

Ben Forman, founder of ParaFi, shared: "We believe there will be more crypto funds as institutional capital enters the market. There needs to be specialization and focus."

- Lemniscap will use $70 million to invest in blockchain businesses, from zero-knowledge infrastructure to consumer applications and the emerging Bitcoin ecosystem.

- Andrena raises $18M to launch DAWN, a decentralized autonomous wireless network.

- Blockscout closes $3M seed round to improve product and expand EaaS services.

- Cartridge raises $7.5M to support Dojo 1.0, an open-source framework and tools for blockchain gaming.

What do you think of this development? Comment! 💬