Aug 30, 10:36 PM

Robot Ventures Raises $75M for Fourth Crypto Fund, Targeting Early-Stage Projects

Robot Ventures, co-founded by crypto entrepreneurs Tarun Chitra and Robert Leshner, has successfully raised $75 million for its fourth venture-capital fund. The fund aims to support early-stage crypto projects and has attracted notable investors, including Haun Ventures, Marc Andreessen, and Chris Dixon. This latest fundraising effort triples Robot Ventures' capital, positioning them to make significant investments in the crypto sector. The fund is part of a broader trend in August where substantial investments are being made in the Web3 space, despite a general downturn in venture capital deals. Other notable investments in the sector include PIP Labs' $80 million raise, achieving a $2.25 billion valuation, and Parafi's $120 million funding.