Canonical Crypto Launches $20M Inaugural Fund Backed by Marc Andreessen, Chris Dixon
06/02 12:37
According to Coindesk, Canonical Crypto, a newly opened venture capital firm, has raised $20 million for its inaugural fund to back infrastructure projects for blockchain development, with a preference for talent making the transition from Web 2 to Web 3. The fund was backed by a list of crypto heavy-hitters, including Andreessen Horowitz (a16z) partners Marc Andreessen and Chris Dixon. Other investors included Dragonfly Capital's Haseeb Quresh and several family offices. The fund has already made initial investments in several companies, including Solana-based non-fungible token (NFT) marketplace Formfunction, low-code decentralized application development platform Thirdweb, communication infrastructure provider Notifi and Solana-focused data infrastructure solution Vybe Network.
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