TechFlow News — On July 10, according to official announcements, venture capital firm Frictionless Capital revealed that its fund, Frictionless Fund, has raised $20 million to focus on investing in high-performance blockchains and category-defining applications.
Over the past year, the fund has invested in projects such as Backpack, DFlow, Andrena, and Kuzco. Investors include Franklin Templeton, Foundation Capital, Hutt Capital, Avalon Capital, Pure Crypto, and prominent individuals such as Marc Andreessen and Chris Dixon from A16z. Frictionless Capital emphasizes its high-conviction investment strategy, focusing on supporting companies capable of standing out in the market.
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