https://techcrunch.com/2022/07/12/crypto-focused-multicoin-capital-launches-430m-venture-fund/

Crypto-native venture capital firm Multicoin Capital announced a new fund, its third and largest to date at $430 million.

“As evidenced by our first and second venture funds, some of the best opportunities arise in bear markets,” Tushar Jain, co-founder and managing partner at Multicoin Capital, told TechCrunch. “Valuations are more reasonable; founders are more focused, long-term, and motivated; and real users explore projects they are genuinely passionate about.”