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venture capital

Crypto Firm Electric Capital Raises $1 Billion Fund

By
Kate Clark
· · Source: The Information

Electric Capital, a Palo Alto-based venture capital firm, has raised $1 billion for its third fund focused on cryptocurrency and “Web3” companies, the firm announced on Tuesday. Founded by former Facebook employees Curtis Spencer and Avichal Garg in 2018, Electric’s investments include Bitwise, which helps financial professionals and institutions buy crypto assets, and dYdX, a decentralized...

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