Crypto venture firm Credably Neutral raises $5.5m

New investment firm Credably Neutral, focused on Web3, has raised $5.5m. This was reported by CoinDesk.

The round was led by co-founder Solana Anatoly Yakovenko and co-founder Polygon Sandeep Nailwal, along with ConsenSys chief executive Joseph Lubin.

Credably Neutral was founded by Victor Bunin, who heads the protocol operations team at Coinbase Cloud, and Lisa Kuesto Bunina — COO of Aztec Protocol, a project that provides privacy for the Ethereum network.

Registered in Brooklyn, New York, the fund focuses on Web3 infrastructure and crypto software startups. The initial investments the organisation plans range from $50,000 to $200,000.

“Credably Neutral can be described as a transparent system that creates equal conditions for all participants — we are excited about investing in teams and communities that build protocols, tools and products that enable innovation,” said Lisa Bunina.

As reported in April, Berlin-based venture Bitkraft raised $220.6m to launch its second fund for investments in the gaming Web3 sector.