https://techcrunch.com/2022/08/09/portal-ventures-closes-its-debut-35-million-fund-for-early-stage-crypto-startups/

While plenty of crypto investors have scaled back their breakneck pace of startup investing as they wait for more clarity on the macro environment, the fact is there have never been more firms and more money dedicated to blockchain venture investing.

Portal Ventures is the latest young firm to announce its debut, telling TechCrunch it has closed on $35 million for its first fund for pre-seed investments in the crypto startup world. The fund is led by former Insight investor Evan Fisher who says he is looking to find untapped value in the crypto space by focusing on infrastructure and enabling software needs in the space — the so-called “picks and shovels” segment of crypto startups.