VC

Grape Network, the Startup That Broke Solana, Raises $1.8M
Community toolkit developer Grape Network closed a $1.8 million round led by Multicoin Capital Thursday. The venture funding comes on the heels of last week's $600,000 public sale that was so overheated with bot-buyers that it knocked host blockchain, Solana, offline for nearly a full day. "The Hash" squad discusses their take on the network and what it reveals about the state of crypto venture capital.

Polychain Capital, Three Arrows Lead $230M Investment in Avalanche Ecosystem
Fresh on the heels of a $180 million incentive program, the Avalanche Foundation announced Thursday a $230 million raise led by Three Arrows Capital and Polychain Capital to jumpstart liquidity in the network’s burgeoning decentralized finance (DeFi) ecosystem. "The Hash" squad discusses Avalanche as an emerging player entering the DeFi game, implications for VCs getting involved with the network, and the competition with Ethereum.

Institutional NFT Interest Heats Up as Three Arrows Capital Launches ‘Starry Night’ Fund
Crypto venture capital (VC) firm Three Arrows Capital is entering the non-fungible token (NFT) space with the launch of an NFT-dedicated fund named “Starry Night Capital.” The hosts of “The Hash” discuss the latest crypto VC jumping on the NFT bandwagon amid growing interest in institutional NFTs.

Union Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related Investments
Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects."

VC Deals in Crypto Remained Steady but Amount Invested Fell in 2019: Report
As younger companies are raising more, larger businesses didn’t come back for extra capital.

10,000%: Pantera Reports Massive 5-Year Crypto Investment Return
Pantera Capital announced it had seen a lifetime return of more than 10,000 percent in its first five years.

