TechFlow news, according to Bloomberg, Salil Deshpande of venture capital firm Uncorrelated Ventures has successfully raised $315 million for a new fund.
The new fund will primarily invest in early-stage traditional foundational software projects (80%) and similar startups in the crypto industry (20%). Deshpande believes blockchain technology still holds value in storage and computing fields.
Uncorrelated Ventures currently manages over $700 million in assets, focusing on the U.S. and global markets, particularly India.
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