Jump Capital doubles down on crypto with new $350M fund

Jump Capital has closed a $350 million venture fund with a stronger focus on crypto investments. Summary Jump Capital has closed a $350 million venture fund with a stronger focus on early stage crypto investments. The firm said the new fund will back blockchain infrastructure, DeFi, Web3, fintech, and enterprise software startups. Jump Capital has expanded its crypto portfolio through investments in Securitize, Shelby, and KGeN over the past year. The venture firm has completed more than 100 investments and nearly 30 exits since its launch. According to a July 29 announcement, Jump Capital has closed its seventh venture fund with $350 million in total capital commitments, describing it as the firm’s largest fund to date and outlining plans to increase investments across the crypto ecosystem while continuing to back early-stage technology startups. The firm’s official announcement said the new vehicle will continue investing in fintech, IT and data infrastructure, future of commerce and media, and B2B SaaS, while allocating more resources to blockchain and digital asset companies. The fund follows nearly a decade of venture investing that has resulted in more than 100 portfolio comp...