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Crypto-focused venture capital firm Ethereal Ventures discloses the total size of its two funds at approximately $150 million for the first time
ChainCatcher news reports that, according to Fortune, the crypto venture capital firm Ethereal Ventures has spoken out publicly for the first time after nearly five years since its founding. The venture was co-founded by Min Teo and Ethereum co-creator Joe Lubin in 2021, and its two funds have a total size of about $150 million. To date, it has invested in over 80 early-stage projects, including EigenLayer.
It is reported that Ethereal Ventures’ first fund has delivered a good distribution to paid-in capital (DPI) performance, while the second fund has only deployed less than a quarter of its capital so far, still maintaining ample “firepower.”