{"id":2457,"date":"2023-09-25T13:18:18","date_gmt":"2023-09-25T13:18:18","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2457"},"modified":"2023-09-25T13:18:20","modified_gmt":"2023-09-25T13:18:20","slug":"electric-capital-a-cryptocurrency-company-seeks-to-secure-300-million-for-its-third-fund","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/electric-capital-a-cryptocurrency-company-seeks-to-secure-300-million-for-its-third-fund\/","title":{"rendered":"Electric Capital, a cryptocurrency company, seeks to secure $300 million for its third fund"},"content":{"rendered":"\n<p>Electric Capital, a prominent venture firm with a strong focus on cryptocurrency, is in the process of securing an impressive $300 million for its third investment vehicle, as detailed in an official filing with the SEC.<\/p>\n\n\n\n<p><strong>Why it matters:<\/strong>\u00a0In 2023, the crypto industry has experienced a more subdued atmosphere, especially when compared to the euphoria of 2021. It has also been a relatively less active year for venture capitalists.<\/p>\n\n\n\n<p><strong>Details<\/strong>:\u00a0Electric is actively raising $300 million for its third core early-stage venture fund, which represents a confident stride forward, securing significant capital despite being approximately 25% less than its impressive second fund raise.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In contrast to its previous fundraising efforts, during which the company successfully secured $600 million for digital token acquisitions, there seems to be no intention to launch a similar funding vehicle this time.<\/li>\n\n\n\n<li>In light of the crypto market downturn shortly following Electric&#8217;s last fund announcement, it&#8217;s highly probable that the company still possesses a substantial amount of capital ready for investment from that pool.<\/li>\n<\/ul>\n\n\n\n<p>Electric Capital has opted not to provide a comment at this time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric Capital, a prominent venture firm with a strong focus on cryptocurrency, is in the process of securing an impressive $300 million [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - 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