Venture capital firm Greylock launches a new $1 billion fund to invest in early-stage startups

ChainCatcher news, venture capital firm Greylock has launched a new $1 billion fund to invest in early-stage startups. At the same time, Greylock also announced a new initiative called Greylock Edge, which is a three-month company-building program aimed at pre-idea, pre-seed, and seed founders, and will include some form of "flexible" funding.

It is reported that Greylock announced the launch of its 16th fund in September 2020, also with a total size of $1 billion. The Greylock blog stated that it has been committed to investing in artificial intelligence for the past decade, and this commitment continues with the 17th fund.

According to RootData, Greylock is a Silicon Valley-based venture capital firm managing over $3.5 billion in committed capital. Greylock has invested in 15 blockchain projects, including Coinbase, Magic Eden, and 0x.