FACTION: A $285 MILLION EARLY-STAGE VENTURE FUND

Summary from the TLDR Crypto newsletter

Lightspeed Venture Partners has launched Lightspeed Faction Fund I, a $285m fund focused on early-stage blockchain tech. The fund is specifically designed to back entrepreneurs in the blockchain industry with the belief that the next big tech breakthroughs will happen in this space. As market sentiment has shifted over the past few months, there have been several new funds like this either announced as planned or raised.