Mozilla Ventures completes $35 million fundraising to support the development of decentralized digital power products

ChainCatcher news, according to TechCrunch, the development company behind the Firefox browser, internet giant Mozilla, announced the launch of its venture capital arm, Mozilla Ventures, at the Web Summit in Portugal. As part of the Mozilla Builders startup incubator program, the department has successfully raised $35 million (provided by the Mozilla Foundation) and will invest in early-stage startups, focusing on Series A and seed round deals.

It is reported that Mozilla Ventures emphasizes "putting people above profits" and will support the development of decentralized digital power products, including providing support in the Web3 space. (TechCrunch)