{"id":58003,"date":"2022-02-17T18:11:16","date_gmt":"2022-02-17T16:11:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58003"},"modified":"2025-09-04T14:33:15","modified_gmt":"2025-09-04T11:33:15","slug":"castle-island-raises-250-million-for-third-venture-crypto-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/castle-island-raises-250-million-for-third-venture-crypto-fund\/","title":{"rendered":"Castle Island raises $250 million for third venture crypto fund"},"content":{"rendered":"<p>Castle Island Ventures, a venture firm, has raised $250 million for a fund aimed at backing blockchain startups building solutions in payments networks, financial services, and Web 3.0 internet infrastructure.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">just the beginning! <a href=\"https:\/\/t.co\/abVhguyspM\">https:\/\/t.co\/abVhguyspM<\/a> <a href=\"https:\/\/t.co\/Puw7Xk7pID\">pic.twitter.com\/Puw7Xk7pID<\/a><\/p>\n<p>\u2014 nic cartel \u1d4d\u1d50 (@nic__carter) <a href=\"https:\/\/twitter.com\/nic__carter\/status\/1493976367205072897?ref_src=twsrc%5Etfw\">February 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the firm, investors in Castle Island Ventures III include special-purpose funds, asset managers, and family offices.<\/p>\n<p>The firm was co-founded by two former Fidelity Investments employees, Nick Carter and Matt Walsh, and raised for its first two funds $30 million and <a href=\"https:\/\/forklog.com\/en\/news\/castle-island-launches-a-50-million-venture-fund\">$50 million<\/a> respectively.<\/p>\n<p>According to Walsh, at this stage Castle Island, in addition to pre-seed investments, will seek to lead more Series A rounds.<\/p>\n<p>The company\u2019s portfolio includes Bitwise, BlockFi, ErisX, Matrixpoint and CoinMetrics, of which Carter is a co-founder.<\/p>\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/A-z7kEHQqECLZwI2bTr2jpmr3YievyCc9ZzK34GdboAF3gmB49CBuAftI6yS_i98yKJF6Eq_weoA7sBJqyB1nVkorjXuFtIbbjeQWvxwhpQrH-Xk-Ct8wdHG7_qUFW7H7xQHFqRF\" alt=\"Castle Island \u043f\u0440\u0438\u0432\u043b\u0435\u043a\u043b\u0430 $250 \u043c\u043b\u043d \u0432 \u0442\u0440\u0435\u0442\u0438\u0439 \u0432\u0435\u043d\u0447\u0443\u0440\u043d\u044b\u0439 \u043a\u0440\u0438\u043f\u0442\u043e\u0444\u043e\u043d\u0434\" width=\"509\" height=\"673\"\/><figcaption>Castle Island Ventures&#8217; investment portfolio. Data: <a href=\"https:\/\/www.castleisland.vc\/portfolio\">site<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere are simply more market opportunities now, and a wave of entrepreneurs starting projects. Our way of responding to the industry&#8217;s boom is to support a more aggressive deployment of capital in some of these companies by our team,\u201d Walsh added.<\/p>\n<\/blockquote>\n<p>According to Carter, even a long-term crypto bear market could benefit Castle Island. As an example, he cited the 2018 crypto winter, when the firm closed its first fund.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf there is a sustained sell-off, largely driven by self-interest, I think it is a convenient time for us, because we do not believe that cryptocurrencies will disappear,\u201d he stressed.<\/p>\n<\/blockquote>\n<p>Earlier in December 2021, after the market fell from <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-hits-all-time-high-at-69000\">the November high<\/a>, New York Digital Investment Group <a href=\"https:\/\/forklog.com\/en\/news\/nydig-raises-1-billion-at-a-7-billion-valuation\">raised $1 billion<\/a> in a record funding round for the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Castle Island Ventures has raised $250 million for a fund aimed at supporting blockchain startups building solutions in payments networks, financial services, and Web 3.0 internet infrastructure.<\/p>\n","protected":false},"author":1,"featured_media":58004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-58003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=58003"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58003\/revisions"}],"predecessor-version":[{"id":58005,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58003\/revisions\/58005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/58004"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=58003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=58003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=58003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}