Uncorrelated Ventures Raises $315M to Back Infrastructure and Crypto Startups
Uncorrelated Ventures, a VC firm, has closed a $315 million fund, solidifying its commitment to traditional infrastructure software and crypto startups amidst a challenging global startup environment. With this new round of funding, the firm has over $700 million in assets under management. Dedicating 80% to traditional infrastructure and 20% to crypto startups, Uncorrelated Ventures aims to invest in sectors with low market correlation, seeking high growth opportunities. Despite a global downturn in VC funding for crypto, notable firms like Polychain Capital and Pando are still securing substantial investments, indicating selective confidence in projects with strong business models.
Bullish
The closing of a substantial fund by Uncorrelated Ventures indicates investor confidence and a bullish outlook for the sectors targeted by the VC firm, especially during a period where overall crypto venture funding is witnessing a decline. This fresh capital infusion into infrastructure and crypto startups could stimulate innovation, drive adoption, and potentially lead to market growth. Historically, injections of capital into promising sectors have often correlated with bullish phases in the markets they touch. While the direct impact on trading activities may not be immediate, the long-term prospects could influence positive market sentiment.