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Initialized Capital Announces Fifth Fund

By Kate Clark
· · Source: The Information

Seed firm Initialized Capital has raised $230 million for its fifth venture capital fund, the firm announced on Friday. Led by former Y Combinator partner Garry Tan, Initialized’s investments include Coinbase, Rippling, Opendoor and Instacart. The announcement comes roughly two months after Initialized co-founder Alexis Ohanian left the firm to pursue a new project. We’ve since reported the...

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