TechFlow news — Related investment documents show that Seven Seven Six, the venture capital firm launched in 2020 by Reddit co-founder Alexis Ohanian, is planning to raise $776 million for two new funds, a fundraising target more than 50% higher than last year.
Since its launch in 2020, the firm has had a rocky start. It made poorly timed bets on NFT projects (such as Yuga Labs) in early 2022 when cryptocurrency prices were falling. Additionally, Seven Seven Six paused fundraising for a planned crypto fund last year. However, according to the documents, the firm told potential investors that the value of its first fund, launched in 2021, has surged significantly.Original article link
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