Share this article
Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon
The VC firm will continue to focus on infrastructure, DeFi, NFTs and DAOs.
By Brandy Betz
Updated May 11, 2023, 4:19 p.m. Published May 25, 2022, 12:33 p.m.
Volt Capital, a crypto venture capital firm focused on early-stage investments, has raised $50 million for its second fund from a list of industry heavyweights.
The fund will continue Volt’s thesis of backing infrastructure, decentralized finance (DeFi), non-fungible token (NFT) and decentralized autonomous organization (DAO) projects, Volt founder Soona Amhaz told CoinDesk in an interview.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Volt Capital was one of the original contributors to crypto accelerator program DeFi Alliance; it launched a $10 million investment fund in April 2021. Backers for the new fund include Andreessen Horowitz (a16z) General Partners Marc Andreessen and Chris Dixon, angel investor Elad Gil, Union Square Ventures Managing Partner Albert Wenger, global investment firm Tiger Global and European hedge fund manager Brevan Howard.
The larger fund gives Volt more room to pursue investments, said Amhaz, though the firm will remain focused on the pre-seed, seed and Series A rounds that are sometimes overlooked by larger funds.
Read more: Volt Capital Unveils $10M Fund Backed by CMT Digital, Balaji Srinivasan
“What we’re investing in thematically are founders who are reimagining systems and the rails that we use to do everyday activities,” said Amhaz, who used payments, online authentication and video games as example industries that crypto can disrupt.
The fund news comes as crypto markets turn cold. A16z has a price-innovation cycle thesis that said high crypto prices bring in interest, while downturns provide a time for developer and startup fruition. Earlier Wednesday, the VC giant announced a $4.5 billion crypto fund, its fourth.
“I think it’s a phenomenal time to be investing,” Amhaz said. “This is the exact right time to be doubling down.”
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Coinbase agrees to buy The Clearing Company to deepen prediction markets push
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
What to know:
- Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
- The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
- The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Top Stories
