{"id":65956,"date":"2022-08-17T16:51:56","date_gmt":"2022-08-17T13:51:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65956"},"modified":"2025-09-06T22:50:28","modified_gmt":"2025-09-06T19:50:28","slug":"coinfund-launches-300-million-fund-to-back-web3-projects","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinfund-launches-300-million-fund-to-back-web3-projects\/","title":{"rendered":"CoinFund launches $300 million fund to back Web3 projects"},"content":{"rendered":"<p>The crypto-focused investment firm CoinFund has raised $300 million for a venture fund to back early-stage Web3 startups.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The next major architectural transition is upon us.<a href=\"https:\/\/twitter.com\/pakman?ref_src=twsrc%5Etfw\">@pakman<\/a> shares how <a href=\"https:\/\/twitter.com\/coinfund_io?ref_src=twsrc%5Etfw\">@coinfund_io<\/a> is making bigger bets on web3 with Ventures I.<a href=\"https:\/\/t.co\/RryMZrpe04\">https:\/\/t.co\/RryMZrpe04<\/a><\/p>\n<p>\u2014 CoinFund (@coinfund_io) <a href=\"https:\/\/twitter.com\/coinfund_io\/status\/1559897805862436864?ref_src=twsrc%5Etfw\">August 17, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CoinFund Ventures I Fund will focus on commercially attractive projects with large addressable markets, the firm\u2019s managing partner David Pakman, who heads the venture, told CoinDesk.<\/p>\n<p>The fund&#8217;s areas of interest include Layer 1 blockchains, Web3 infrastructure, NFTs, gaming and asset management.<\/p>\n<p>Founded in 2015, the firm previously invested in Bitcoin and a number of DeFi projects at the seed stage. In its portfolio are NBA Top Shot developer Dapper Labs, the blockchain infrastructure platform Blockdaemon and the data indexing protocol <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-graph-grt\">The Graph<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe saw this opportunity in the market, which leadership, in a sense, pushed us toward, and we assembled a fund for early stages\u00bb, Pakman said.<\/p>\n<\/blockquote>\n<p>The investment structure was supported by venture firms Adams Street Partners and StepStone Group, the Accolade Partners fund of funds and the Teacher Retirement System of Texas.<\/p>\n<p>Regarding the launch of CoinFund Ventures I Fund during a bear market, Pakman noted that the firm has weathered three such downturns. He said the fund would have a life cycle of six to eight years.<\/p>\n<p>As PitchBook notes, venture investments in crypto startups <a href=\"https:\/\/forklog.news\/obem-venchurnogo-finansirovaniya-v-kriptoindustrii-upal-do-minimuma-za-god\/\">\u0441\u043e\u043a\u0440\u0430\u0442\u0438\u043b\u0438\u0441\u044c \u043d\u0430 31%<\/a>, according to PitchBook.<\/p>\n<p>Meanwhile, the volume of investments in the industry in the first half of the year <a href=\"https:\/\/forklog.com\/en\/news\/venture-investment-in-the-industry-in-the-first-half-tops-30-billion\">exceeded $30 billion<\/a>, according to Messari and Dove Metrics.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-focused investment firm CoinFund has raised $300 million in a venture fund to back early-stage Web3 startups.<\/p>\n","protected":false},"author":1,"featured_media":65957,"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-65956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65956","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=65956"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65956\/revisions"}],"predecessor-version":[{"id":65958,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65956\/revisions\/65958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65957"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}