Lightspeed Faction Launches $285 Million Venture Fund for Blockchain Startups
MENLO PARK, Calif., Nov. 9, 2023 /PRNewswire/ -- Lightspeed Faction, a leading blockchain-focused venture capital firm, today announced the launch of its inaugural $285 million venture fund. Faction will primarily invest in early stage blockchain projects and serve as a long-term capital partner as these projects scale. In addition to providing capital, the fund will serve as a seasoned resource to blockchain entrepreneurs on a range of topics from tokenomics to business scaling.
- MENLO PARK, Calif., Nov. 9, 2023 /PRNewswire/ -- Lightspeed Faction, a leading blockchain-focused venture capital firm, today announced the launch of its inaugural $285 million venture fund.
- Faction will primarily invest in early stage blockchain projects and serve as a long-term capital partner as these projects scale.
- Faction offers founders access to a team of experienced blockchain investors and operators, servicing the industry at a time when many have fled.
- Lightspeed Faction is a joint venture with Lightspeed Venture Partners, and as a result, combines Faction's crypto-only approach with Lightspeed's deep Silicon Valley roots and platform business scaling resources.