Crypto Investment Firm Maven 11 Capital Closes $120M Fund

Crypto Investment Firm Maven 11 Capital Closes 0M Fund
Blockchain and digital asset investment firm Maven 11 Capital has closed a $120 million fund, its second crypto-focused fund. The fund will back infrastructure protocols, decentralized finance (DeFi) open source protocols and Web 3 applications.Venture Fund II differs from Maven 11′s first fund in being closed-ended and having a wider group of backers, including wealthy individuals, crypto entrepreneurs, family offices and institutions. The new fund has already deployed investments into gaming-focused DAO Merit Circle, lending platform Maple Finance, layer 1 blockchain Anoma and DeFi dashboard Zapper, among others.“The traditional venture structure of this new fund allows us to take a…