The Paris- and London-based crypto-venture firm LeadBlock Partners has raised $150 million for its second fund, according to The Block.
\n\n
Earlier, through its first such vehicle, it backed Yuga Labs, Bitpanda and BlockFi.
\n\n
The new fund is backed by family offices, hedge funds, financial institutions, and market makers such as GSR, Portofino Technologies, Woorton and Keyrock.
\n\n
The vehicle will focus on investments in both equity stakes and early-stage startup tokens. The participation of market makers in the fund will help portfolio companies ease the path to subsequent fundraising.
\n\n
The deployment of funds is expected to begin in early 2023.
\n\n
LeadBlock Partners was founded by former Goldman Sachs executives David Kreng-Messemburg, Baptiste Kot and Jean-Marc Puël.
\n\n
In November, the investment firm CoinFund announced a $250 million raise across three seed-investment vehicles focused on Web3 projects.
\n\n
According to Messari and Dove Metrics, crypto funds raised $35.9 billion in the first six months of 2022 (+848% versus Jan–Mar 2021).
\n\n
Read ForkLog’s bitcoin news in our Telegram — crypto news, prices and analysis.