Lightspeed Faction launches $285 million early-stage crypto fund

ChainCatcher news, according to TechCrunch, the blockchain-focused venture capital firm Lightspeed Faction has announced the launch of a $285 million early-stage crypto fund, which will focus on early blockchain projects raising seed or Series A funding. The fund was initially planned to raise $250 million but ultimately exceeded its target by 14%. The average investment size is between approximately $5 million to $10 million. Before the public offering, the fund has already invested about 20% of its capital into a few projects, with a deployment period of about three years.