Race Capital has completed the fundraising of $181 million for its second fund and has invested in 10 projects

2023-03-22 14:50:20

Collection

ChainCatcher news, according to Bloomberg, Race Capital has completed a $181 million second-phase fundraise. It is reported that this fund has made 10 investments, with a portfolio that includes the machine learning development platform Sematic and the digital wallet Ottr Finance. Race Capital's general partner Alfred Chuang stated that the company is more interested in decentralized technology than ever, especially after the collapse of the cryptocurrency exchange FTX, in which Race Capital invested.

According to data platform Rootdata, Race Capital's previous investments include the DeFi project Huma Finance, the global payment platform Ping, the Web3 communication infrastructure Notifi, the crypto wallet Martian, the Solana wallet Ottr Finance, and the web data analytics platform Umami.

Additionally, it has been reported that Race Capital was one of the earliest investors in FTX and Solana, with claims of returns exceeding 100 times. (Source link)

Related tags

Race Capital fundraising

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.