CoinFund has successfully secured $158 million for its Seed IV Fund, above its initial target of $125 million, according to current reports. This accomplishment demonstrates the company’s dedication to promoting innovation in the web3 ecosystem. Since its start in 2015, CoinFund, a prominent cryptonative investment firm, has been creating waves in the sector. Jake Brukhman, a former Highbridge Capital Management and Amazon employee, launched the firm, which was later joined by Alex Felix, an American Capital veteran. CoinFund now has a global team of roughly 30 people and has completed more than 100 investments across six investment vehicles.
The Seed IV fund is intended to promote early-stage investments in innovative teams building web3 technologies. CoinFund’s CEO, Jake Brukhman, voiced optimism about the firm’s future, saying, “Over the last two years, we’ve built a truly institutional-grade firm, the model of a large professional manager in web3.”
Cloudburst Technologies, a company that specialises in cyberthreat intelligence for digital currency fraud, Gensyn, an ML compute protocol, Giza, an AI platform for smart contracts and web3 protocols, and Robert Leshner’s Superstate, which is developing blockchain-based financial products, are among CoinFund’s recent investments.
In addition, the company has launched the composite ether staking rate (CESR) in partnership with CoinDesk Indices. CESR is a global floating rate benchmark derived from daily transaction fees and staking rewards on the Ethereum Proof of Stake (PoS) network. This project demonstrates CoinFund’s continuous support for web3’s growth and maturity, as well as its widespread use.
CoinFund continues to grow, it remains committed to its mission: “CoinFund champions the leaders of the new internet – powered by foresight as active investors to achieve extraordinary results.” This mission statement reflects the firm’s dedication to supporting the leaders of the new internet and achieving extraordinary results through active investment