New "picks and shovels" VC fund led by serial entrepreneur and founder of Trusted Anand Iyer will invest in pre-seed and seed-stage start-ups
SAN FRANCISCO, June 2, 2022 /PRNewswire/ -- Canonical Crypto, a newly launched venture fund focused on developer infrastructure on the blockchain, today announced it has raised $20 million in capital in an oversubscribed round for its inaugural fund. Leading the firm is founder and general partner Anand Iyer, a longtime Silicon Valley operator and investor, who most recently was a visiting partner at Pear VC, where he led their crypto investments.
Canonical Crypto will invest in and work with developers, primarily those making the transition from web2 to web3. Canonical's main areas of focus will be in developer infrastructure - those looking to build tools and services to support the new wave of infrastructure that is necessary to create better decentralized applications. The new fund will specialize in nurturing early-stage teams and...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...