TechFlow News: On January 29, according to Fortune, venture capital firm Escape Velocity has closed its second fund at $61.74 million, with a focus on investing in DePIN and broader cryptocurrency projects. The fundraise was completed in December last year and attracted participation from prominent investors, including venture capital heavyweight Marc Andreessen and renowned fintech investor Micky Malka.
Despite tokens in the DePIN space—such as Helium and Hivemapper—trading near all-time lows, Escape Velocity co-founder Mahesh Ramakrishnan remains optimistic about decentralized physical infrastructure networks. Founded in 2022, the firm raised $20 million for its first fund and has already invested in several DePIN startups, including solar energy company Daylight and Glow.
