The fund was founded by Patrick Chang, an active angel investor in the crypto industry. : New crypto-focused venture capital firm Dispersion Capital has launched a $40 million fund focused on pre-seed and seed investments in Web3 infrastructure projects. Limited partners backing the fund included the venture capital arm of USDC issuer Circle, enterprise-focused crypto firm Ripple and Web3 infrastructure giant Alchemy’s investment arm. The fund is opening for business during an extended crypto bear market that has slowed investments in the space, though infrastructure projects have proven to be the most resilient sector.