The raise underscores venture investors’ selective return to infrastructure-heavy crypto bets as DePIN struggles to move beyond early token launches.
Crypto-focused venture capital company Escape Velocity has raised almost $62 million to invest in decentralized physical infrastructure network (DePIN) projects, signaling continued venture interest in the sector despite a broader slowdown in crypto and technology funding.
As first reported by Fortune on Thursday, the raise marks Escape Velocity’s second fund dedicated to backing founders across DePIN and other crypto-native sectors. The fund closed in December and drew support from investors including Marc Andreessen, co-founder of venture firm Andreessen Horowitz, and Micky Malka, founder of Ribbit Capital.
Cendana Capital, a venture fund-of-funds that invests in early-stage managers, allocated $15 million to the vehicle.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments