Lightspeed Faction Ignites Blockchain Revolution With $285M Venture Fund
Portfolio Pulse from Murtuza Merchant
Blockchain-focused venture capital firm Lightspeed Faction has launched its first $285 million venture fund, Faction, to invest in early-stage blockchain projects. The fund will provide resources on various topics to blockchain entrepreneurs. Faction's team includes members from Amber Group, Blockchain.com, and Coinbase Global Inc. Lightspeed Faction is a joint venture with Lightspeed Venture Partners, combining Faction's crypto-only approach with Lightspeed's Silicon Valley roots and business scaling resources.
November 09, 2023 | 9:57 pm
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Coinbase Global Inc is part of the team of the newly launched venture fund Faction by Lightspeed Faction, which aims to invest in early-stage blockchain projects.
The involvement of Coinbase Global Inc in the Faction venture fund could potentially lead to new partnerships and investments in blockchain projects, which could positively impact the company's growth and revenues in the future.
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