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Vessel Capital secures $55M to invest in Web3 infrastructure

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their projects. “Crypto has become more global, so it’s not the same circle and group you might have seen in 2018-2020, and we want to be able to help more people,” Mirza Uddin, one of the co-founders, said. The fund’s resources will be deployed over a five-year period. The team's experience as founders of startups puts Vessel in a better position to understand entrepreneurs’ needs, believes Uddin.


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