Scenius Capital completes $20 million fundraising for new fund, focusing on supporting crypto VCs

According to HashChain, Scenius Capital recently announced that it has successfully raised $20 million for the establishment of a new fund, achieving its 'slightly oversubscribed' target. The new fund will primarily support early-stage managers with advantages in the emerging crypto venture capital sector. Meanwhile, ParaFi has made a strategic investment in Scenius Capital, planning to provide financial support as the latter expands its business lines and token capital market consulting services. Despite the challenging market environment, Scenius Capital has still received support from several native crypto LPs and stated that it will continue to focus on small and initial or subsequent round management teams.