TechFlow News — On March 12, according to an official announcement from Blockworks, former Blocktower Capital venture team members Thomas Klocanas, Steven Venino, and Winnie Lau have launched a new firm, Strobe, and plan to raise $100 million for their second fund.
The team is still deploying its first $150 million fund, which is expected to be fully deployed by the end of this year. Klocanas said that establishing an independent firm allows the team to remain lean, focus on venture investing, and pursue a more patient and independent investment strategy.
Strobe’s portfolio already includes projects such as Morpho, Ethena, Ledger, TYB, Aptos, and Maple Finance. Klocanas emphasized that they look for founders who solve real-world problems and focus on fundamentals, rather than social media presence, adding, "If you're not creating hundreds of millions in value for hundreds of millions of users, trading billions isn't sustainable."
