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Crypto venture capital Portal Ventures completes approximately $90 million in oversubscribed fundraising

Crypto venture capital Portal Ventures completes approximately $90 million in oversubscribed fundraising

Cointime2024/11/14 14:22
By: Cointime
PORTAL+3.78%

early blockchain venture capital firm Portal Ventures is close to completing the final fundraising for its second fund, which has a size of $75 million. Founder and general partner Evan Fisher said that the fund has been oversubscribed, with subscriptions reaching $90 million. According to documents submitted to the US Securities and Exchange Commission (SEC) in August, the initial target for the fund was $70 million, but Portal later decided to raise the ceiling by $5 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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