Blockchain VC Shima Capital debuts with $200M Web3 fund
Cointelegraph
Published Aug 17, 2022 10:10AM ET
Updated Aug 17, 2022 11:40AM ET
Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing in doing so.
The Shima Capital Fund I raised a combined $200 million from several high-profile crypto investors, including Dragonfly Capital, Animoca Brands and OKX, the company announced Wednesday. The fund is set to deploy between $500,000 and $2 million in pre-seed funding for crypto- and blockchain-focused companies at the intersection of consumer products, decentralized infrastructure and futuristic blockchain technology.
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Written By: Cointelegraph
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