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Kraken Ventures, the enterprise capital unit of crypto alternate Kraken, is in search of to lift $100 million for its second fund, in line with three insiders. Kraken Ventures secured $65 million for its inaugural fund, which closed in 2021. Brandon Gath, managing associate of Kraken Ventures, mentioned smaller funds outperform bigger funds and that it might proceed to help founders from early stage to IPO. Funding quantity within the crypto sector has fallen for 5 consecutive quarters and is anticipated to lower in Q3 2022. Startups together with Ledger and LayerZero Labs have nonetheless been capable of safe massive sums of capital.
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