Dispersion Capital, an early-stage venture capital firm, has emerged from stealth mode and announced the launch of a $40 million fund to support startups working on infrastructure for Web3 projects.
The firm already has investments in 20 companies, with a majority of them receiving follow-on financing. According to a an official press release, the venture capital firm aims to invest in startups that are developing cutting-edge infrastructure for a multichain, multi-currency, and multi-platform world, with a particular focus on Web3 and decentralized platforms.
The fund has received backing from prominent organizations in the industry, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Lightspeed, Cherubic Ventures, Forte, and NGC Ventures. This list also includes participation from individual general partners working in the Web3 space.
Dispersion Capital’s founder, Patrick Chang, explains that the goal of the fund is to elevate Web3 to a level similar to cloud comput
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