VC Firm Dispersion Capital Debuts $40M Venture Fund

Dispersion Capital has recently emerged to establish a $40 million fund for businesses developing the infrastructure for Web3 applications.

🌟 Join the Revolution! 🌟 DeeStream Presale Stage One is NOW LIVE!

A global early-stage venture fund and research company, Dispersion Capital, has recently emerged to establish a $40 million fund for businesses developing the infrastructure for Web3 applications. 

Dispersion Capital Supports Web3 businesses

Dispersion Capital has recently invested in 20 businesses, according to a statement, “with a majority receiving follow-on financing.” The project’s only goal, according to the statement, is to support businesses that are centered on “specific layers of Web3, including fintech and gaming infrastructure, security, data, and platforms challenging legacy industries.”

The company wants to fund firms that “advance cutting-edge infrastructure needed for a multichain, multi-currency, and multi-platform world,” with an emphasis on Web3 and decentralized systems specifically. Notably, several well-known companies, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte, and NGC, have backed Dispersion Capital.

🎬 The Future is Streaming, and it’s Decentralized! 🎬 DeeStream’s Presale Stage One is OPEN!

Focus on Infrastructure Development for Web3 Apps

Patrick Chang, the CEO of Dispersion Capital, stated in an interview with TechCrunch that his company aims to “get Web3 to a level similar to cloud computing.” The company appears to be focusing on developing infrastructure for Web3 apps. 

Chang noted that the need for more robust infrastructure support was brought on by the surge of Web3 and nonfungible token-focused enterprises that joined the ecosystem in 2021. According to Chang:  “What was frustrating for users and people coming into web3 was onboarding, scalability and hacks,” he further adds: “the infrastructure was incredibly immature and people weren’t thinking about it.”

VC Firms on Fire

Even if the cryptocurrency market is in a slump, venture capital (VC) firms continue to execute operations in 2023, showing that the industry is still functioning and expanding despite the “crypto winter.” 

💰 Exclusive Presale Tokens Available - Invest in the Future of Streaming!

It is important to note that a recent PitchBook research for the first quarter of 2023 reveals that 353 funding rounds totaling $2.6 billion were raised by crypto firms. Additionally, an annual assessment of the cryptocurrency industry from a business perspective, “2022 Institutional Investor Digital Assets Study,” published by Fidelity Investment last year, indicated that the sector is well-positioned to withstand any economic crises.

👉 [Visit]