Portal Ventures' crypto fund has completed an oversubscribed fundraising of approximately $90 million. It is reported that this is the second fund under the venture capital firm. The fundraising is about to close. Its initial financing target was approximately $75 million, but it was oversubscribed by $90 million.
Portal Ventures' fund has received support from the following crypto industry investment institutions, including Hack VC, as well as Lennertz and Accolade.
Portal Ventures is basically unknown among the more dazzling cryptocurrency super funds such as Paradigm, Haun Ventures and a16z crypto, so it is relatively low-key in the market. (Fortune)