Grayscale Ventures announced first close of its $20 million fund which will support 20 pre-seed startups.

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Grayscale Ventures has made the first closure at $10 million of its $20 million micro-fund. The fund targets AI, vertical SaaS and DevInfra-based (development infrastructure) startups.

Over the course of four years, the micro-fund will invest between $200K and $1 million in 15-20 pre-seed startups. It will be completed by the third quarter (Q3) of 2023. Grayscale Ventures has limited partners (LPs) from Japan, Southeast Asia, the United States, and India. These LPs include Slack, Zendesk, Hasura, GlobalWay, Nexus, STRIVE, Apollo Munich, and UOB, among others. The fund will seek about 10% ownership in the startups in which it invests, preferring to lead or co-lead fundraising rounds with other specialised funds.

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Grayscale Ventures announced first close of its $20 million fund which will support 20 pre-seed startups.

Grayscale Ventures has made the first closure at $10 million of its $20 million micro-fund. The fund targets AI, vertical SaaS and DevInfra-based (development infrastructure) startups.

Over the course of four years, the micro-fund will invest between $200K and $1 million in 15-20 pre-seed startups. It will be completed by the third quarter (Q3) of 2023. Grayscale Ventures has limited partners (LPs) from Japan, Southeast Asia, the United States, and India. These LPs include Slack, Zendesk, Hasura, GlobalWay, Nexus, STRIVE, Apollo Munich, and UOB, among others. The fund will seek about 10% ownership in the startups in which it invests, preferring to lead or co-lead fundraising rounds with other specialised funds.

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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