Maven 11, a crypto venture capital firm, has successfully closed its third fund at $107 million, surpassing the initial target of $100 million. Despite challenging market conditions, the fund attracted new institutional backers from Europe and Asia. The fund, slightly smaller than its predecessor, will be deployed over the next 3-4 years, focusing on pre-seed, seed, Series A, and follow-on investments. Maven 11 has already allocated 15% of the fund to projects like Spire Labs and JokeRace, emphasizing consumer applications and infrastructure at the intersection of blockchain and AI.