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Parafi Capital has successfully raised $120 million in funding from a group of investors, including Theta Capital Management and Accolade Partners. The capital will be used to invest in crypto funds, with a focus on acquiring general partner stakes. This development highlights a trend in venture capital flows, where fewer deals are being made, but with larger stakes. The funding round underscores the continued interest in digital assets and crypto-related investments despite a slowdown in overall deal volume.
VC FLOWS SHIFT: WEB3 STARTUPS STILL CASHING IN DESPITE FEWER DEALS August wrapped up with some big plays: PIP Labs raised $80M, hitting a $2.25B valuation, backed by a16z and Polychain—serious conviction in IP management tech. Less volume, but higher stakes—Parafi raised $120M,… https://t.co/rpkyGMgICd
Parafi Capital Secures $120 Million, Prioritizes General Partner Stakes https://t.co/YUH13hiOLw
Parafi Capital Secures $120 Million for Investing in Crypto Funds — #DigitalAssets #cryptofund https://t.co/YUH13hiOLw
