Cryptonative investment firm CoinFund rakes in $158m funding


CoinFund, a cryptonative investment firm, has triumphantly closed a $158m funding round for its CoinFund Seed IV Fund LP.

This latest financial boost saw backing from a diverse range of sources including sophisticated institutional investors, family offices, and affluent individuals.

CoinFund, headquartered in Brooklyn and founded by Highbridge Capital Management and Amazon veteran Jake Brukhman, with later support from co-founder and American Capital luminary Alex Felix, has become a formidable force in the world of financial technology. The firm, now bolstered by a nearly 30-strong global team, specialises in supporting promising founding teams in the nascent web3 ecosystem, investing in the future of blockchain technology and its applications.

With the recent influx of capital exceeding their initial target of $125m, CoinFund is poised to support pre-seed and seed-stage investments within the web3 ecosystem more comprehensively. The latest funding is demonstrative of CoinFund’s determination to cultivate thoughtful, long-term investments in blockchain technology, representing a decisive step in their growth journey.

The new funding will be allocated to the bolstering of CoinFund’s investment strategies and resources, supporting the growth of each portfolio company and enabling them to identify and back emergent teams and technologies before they trend. As CoinFund prepares to enter its ninth investment year, the firm has built a truly institutional-grade operation, raising over $550m in the last 18 months across various investment strategies.

CoinFund CEO and co-founder Jake Brukhman said, “As CoinFund enters its ninth year, we continue to raise the bar for ourselves, our investors, and our portfolio companies. Our investors have shown deep confidence in our people and strategy by continuing to allocate capital to our products in a bear market.”

In conjunction with the Seed IV closure, CoinFund also announced a new mission and vision statement: CoinFund champions the leaders of the new internet – powered by foresight as active investors to achieve extraordinary results. This statement sets the tone for the company’s future operations and brand work.

Adding to Brukhman’s comments, CoinFund’s CIO and co-founder Alex Felix said, “Being a champion is more than writing a check. It’s being present, celebrating and promoting the smaller, everyday efforts that ultimately lead to significant achievements and large outcomes.”

To date, CoinFund has announced investments in Cloudburst Technologies’ cyberthreat intelligence for digital currency fraud, ML compute protocol Gensyn, Giza, Cosmos layer 1 blockchain Neutron, and Robert Leshner’s Superstate among others. This new capital will be utilised to further fuel investments in similar ground-breaking technologies.

This investment news follows the recent announcement of the Composite Ether Staking Rate (CESR), launched by CoinFund in collaboration with CoinDesk Indices, underlining CoinFund’s continuous contribution to the growth and mainstream adoption of web3 and its respective technologies.

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