Nov 14, 04:32 PM

Portal Ventures Raises Oversubscribed $75 Million Fund Backed by Chris Dixon

Portal Ventures has successfully raised an oversubscribed $75 million fund, known as Portal Ventures Fund 2, to invest in pre-seed crypto startups. The fund is backed by notable investors including Chris Dixon and Marc Andreessen. Since its inception in 2022, Portal Ventures has raised a total of $115 million across two funds. The firm focuses on supporting category creators from the earliest stages, often providing the first check-in for these startups. Co-founded by Evan Fisher and Catrina Wang, Portal Ventures aims to target foundational projects within the crypto space. The fund is oversubscribed with contributions from crypto icons like Chris Dixon.

#Portal Ventures #Chris Dixon #Marc Andreessen #Evan Fisher #Catrina Wang

Written with ChatGPT (GPT-4o).