NEAR Foundation established Nuffle Labs fund with 13 million USD in funding

According to the latest announcement, NEAR Foundation - the organization that develops Near Protocol (NEAR) - has established a new independent fund called Nuffle Labs and has raised 13 million USD in funding.

Nuffle Labs' funding comes from strategic sponsorship from the NEAR Foundation and an investment led by Electric Capital.

The remaining funds come from Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, Lyrik Ventures and angel investors including Jordi Alexander (Chief Investment Officer of Selini Capital), Bowen Wang (Chief Technical Officer of NEAR) , Sreeram Kannan (Founder EigenLayer), Sam Kazemian (founder Frax Finance), and Sandeep Nailwal (Co-Founder - Executive Chairman of Polygon Labs).