TechFlow news, according to U.S. Securities and Exchange Commission (SEC) filings, Meltem Demirors, former Chief Strategy Officer of CoinShares, is planning to raise $75 million for two new venture capital funds. The two funds, named Crucible Capital Fund I and Crucible Capital Fund 1-A, have target fundraising amounts of $45 million and $30 million respectively. Demirors is listed as the managing member of the general partner for both funds.
Notably, according to The Block Research data, total venture investment in the crypto sector exceeded $3.2 billion in the second quarter of 2024, an 8% increase from the previous quarter. While the number of early-stage project deals increased, the total investment amount declined from $1 billion in the first quarter to $828 million in the second quarter.
