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Bankless Ventures Secures 75% of Investment Commitments for $35M Fund

Cointime Official

April 29 (Cointime) - Bankless Ventures, the early-stage venture fund launched by Bankless, has received 75% of its investment commitments, according to a blog post published by its co-founder David Hoffman.

The fund has a $35 million size and includes LPs such as a16z co-founder Marc Andreessen, a16z Crypto founder Chris Dixon, Ethereum Foundation researcher Dankrad Feist, Polygon co-founder Sandeep Nailwal, and Immutable co-founder Robbie Ferguson.

The company is targeting an end-of-May close for the fundraising round.

Source: https://www.bankless.com/why-were-launching-bankless-ventures

The company plans to use its storytelling skills to curate deals and interview founders building projects that align with their vision of the future. Bankless Ventures portfolio companies won't be getting special access to Bankless Media and won't get special sponsorship deals. 

"We want to onboard one billion people to crypto. It’s our mission and it’s the thesis for both Bankless Media and Bankless Ventures." Hoffman said in the blog post.

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