Lattice Capital has introduced the completion of a brand new $60 million seed funding spherical for its latest crypto fund. With this new fund, Lattice has its sights set on supporting as much as 50 new corporations with an funding of as much as $1.5 million per challenge.
Whereas the fund itself was established in February, filings to the US’ SEC exhibits that no exercise was reported till this month.
Lattice has managed to lift over $80 million for its numerous funds. The fund has additionally talked about that it has already invested in 9 startup corporations. One of many recipients is the Net 3 startup – Optic – which had AO’s assist as a part of its $11 fundraise in July.
The crypto market has, by all accounts, been present process a bearish pattern the previous few months. However this pattern has been broadly bucked by the online 3 and NFT/blockchain gaming world; the latter of which has seen a rise within the quantity of funding capital pouring in.
Whereas being comparatively new funds, the agency includes a lot of extremely skilled and skilled folks, who’ve labored straight with corporations it now plans to spend money on.
