Symbolic Capital raised $50 million for the VC fund by and for Web3 founders

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Symbolic Capital raised $50 million for the VC fund by and for Web3 founders (and from Web3 enthusiasts such as crypto exchanges, family offices and institutions).

Symbolic Capital intends to invest in startups developing consumer-facing dApps, such as those working on blockchain networks, smart contracts, NFT exchanges, metaverse, and so on. Symbolic Capital will use a data platform to manage the startups it has invested in and guide the firm’s next cheques by tracking GitHub contributions, social media traction, and token performance, among other factors, to make data-rich investments.

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Symbolic Capital raised $50 million for the VC fund by and for Web3 founders

Symbolic Capital raised $50 million for the VC fund by and for Web3 founders (and from Web3 enthusiasts such as crypto exchanges, family offices and institutions).

Symbolic Capital intends to invest in startups developing consumer-facing dApps, such as those working on blockchain networks, smart contracts, NFT exchanges, metaverse, and so on. Symbolic Capital will use a data platform to manage the startups it has invested in and guide the firm’s next cheques by tracking GitHub contributions, social media traction, and token performance, among other factors, to make data-rich investments.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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