ARK Raises New Crypto Fund and VCs Target Infrastructure

Mar 17, 2023 • 4 Min Read

Funding dropped this week from $312M to just $99M. As we've seen all month, funding remains primarily concentrated in Infrastructure and Web3, which raised $37M and $28M, respectively. Infrastructure accounted for 9 of this week's 21 deals, and Web3 & NFTs accounted for 6. DeFi remains a laggard this week, receiving just $6M of funding

One major crypto fund was raised this week –Cathie Wood's ARK's Crypto Revolutions Fund, which raised over $16M. The fund is split between a fund based in the U.S., which raised ~$7.2M from nine investors, and a fund based in the Cayman Islands, which raise...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In