Bankless, a popular crypto podcast and newsletter, is raising a $35 million venture capital fund to invest in seed-stage Web3 companies. David Hoffman, Ryan Sean Adams, and Ben Lakoff, the fund’s investment committee, will be the general partners of the fund. The fund will focus on investing in early-stage companies that are building on the Web3 stack, which is the decentralized version of the internet. The fund will provide capital and resources to help these companies grow and succeed in the crypto space. With the fund, Bankless hopes to help foster the growth of the Web3 ecosystem and create a more decentralized future.
Bankless, a crypto media platform founded in 2020 by David Hoffman and Ryan Adams, is launching a venture capital fund. The fund will share the Bankless brand and leverage the platform’s clout in the crypto media space. It is expected to enjoy “incredible deal flow” due to the combination of the platform and the investing arm. The fund was announced at ETHDenver and is the latest example of crypto media venturing into venture capital. Bankless has a podcast, newsletters, YouTube channel, and a decentralized autonomous organization (DAO) with a $BANK governance token. The fund is a separate legal entity from the Bankless podcast.
Ryan Sean Adams and David Hoffman, the co-founders of Bankless, have announced the launch of a new venture capital fund. The fund will focus on early stage crypto companies and on “empowering pioneers to explore the frontier of Web3”, such as Ethereum, decentralized finance (DeFi) and self-custody. This move is a continuation of Bankless’ foray into crypto investing that began last year when they acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. The fund will provide early stage capital to crypto companies and projects, helping them to grow and develop. With this move, Bankless is further cementing its position as a leader in the crypto space.
Bankless, a media platform focused on decentralized finance (DeFi), is launching Bankless Ventures, a venture fund to invest in DeFi projects. The fund is the brainchild of Bankless co-founders David Hoffman and Ryan Adams, who have been angel investing individually for years. Bankless Ventures will be backed by outside investors, and will focus on accelerating the bankless movement. The fund will be managed by Hoffman, Adams, and Bankless COO David Lakoff, who have all been involved in the DeFi space for years. Bankless Ventures will provide capital and resources to DeFi projects, helping to drive innovation in the space.
