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Electric Capital Raises $110M Crypto-focused Fund

by businessinsider.com posted 11months ago 48 views
On Monday, venture firm Electric Capital announced that it had raised a $110 million fund focused on crypto technologies. The firm plans to invest in cryptocurrencies, blockchain-based businesses, fintech companies, and marketplaces. Avichal Garg and Curtis Spencer, Electric Capital's co-founders, said that their investments could reshape legacy banks, emerging markets, and even social networks. Visit Business Insider's homepage for more stories. In 2010, when Bitcoin seemed like just another tech fad or pipe dream, Avichal Garg and Curtis Spencer started mining for the cryptocurrency as a hobby.

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