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Ethereal Ventures Reveals Approximately $150 Million in Two Funds
According to Fortune magazine, the crypto venture capital firm Ethereal Ventures has publicly disclosed its activities for the first time nearly five years after its establishment. The firm was co-founded by Min Teo and Ethereum co-founder Joe Lubin in 2021, and its two funds have a total size of approximately $150 million. To date, it has invested in over 80 early-stage projects, including EigenLayer. Ethereal Ventures’ first fund has shown a good capital distribution performance (DPI), while the second fund has deployed less than a quarter of its capital and still retains ample ‘gunpowder’.