TechFlow reports that Lightspeed Faction, a venture capital firm focused on blockchain, has launched an early-stage crypto fund totaling $285 million, targeting early blockchain projects in seed or Series A rounds. Prior to its public launch, the fund has already deployed approximately 20% of its capital into a small number of projects, with a deployment period of roughly three years—though this may vary depending on market conditions. Initially aiming to raise $250 million, the fund ultimately exceeded its target by 14%. Average investment sizes range between $50,000 and $10 million.
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