Cryptomeria Capital plans to raise $50 million for its Web3 venture capital fund

ChainCatcher news, according to Mpost, Cryptomeria Capital has announced the launch of a new Web3 venture capital fund aiming to raise $50 million, with participation from European tech investment firm Axon Partners Group. The fund is currently receiving contributions from numerous traditional investors and Web3 stakeholders, institutional entities, and family offices from the EU, Middle East, and Asia.

Currently, Cryptomeria Capital has multiple Web3 portfolios, including the synthetic asset protocol Kalata, the zkRollup network Intmax, the social trading platform Tradelize, the metaverse NFT marketplace MetaMundo, and the Layer 2+ DAO foundational protocol Metis.