Share this article
BTC
$83,531.35
-
1.09%ETH
$1,814.11
-
0.82%USDT
$0.9996
-
0.01%XRP
$2.1368
+
1.74%BNB
$596.39
-
0.35%SOL
$121.25
+
1.85%USDC
$1.0000
+
0.02%DOGE
$0.1693
+
1.40%ADA
$0.6610
-
0.31%TRX
$0.2371
-
0.50%LINK
$12.90
-
2.03%LEO
$8.9495
-
4.35%TON
$3.2956
-
7.47%XLM
$0.2557
-
3.64%AVAX
$18.22
-
2.26%SUI
$2.2525
-
1.36%SHIB
$0.0₄1237
-
1.09%HBAR
$0.1628
-
1.88%LTC
$83.84
-
1.01%OM
$6.2528
-
1.21%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Pillar VC Raises $192M for Two Funds With Crypto Focus
The Boston-based firm's investments will be focused on northeast U.S., it said.
Venture capital firm Pillar VC raised $192 million for two funds focused on crypto as well as fintech, artificial intelligence/machine learning and enterprise Software-as-a-Service (SaaS).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Boston-based firm raised $169 million for its Pillar III fund and $23 million for Pillar Select, according to an announcement Tuesday.
- Investments will be focused on northeast U.S., it said.
- The funds will make pre-seed investments of $50,000-$500,000 and seed-round investments of $2 million-$6 million in startups focused technologies including crypto, fintech, and AI/ML.
- USDC-backer Circle is among Pillar's beneficiaries from previous funds. The firm joined a mammoth $440 million fundraising round in May alongside Fidelity and CoinDesk parent Digital Currency Group.
- Circle intends to go public later this year via a SPAC deal worth $4.5 billion.
Read more: Circle Reveals Assets Backing USDC Stablecoin
UPDATE (July 20, 16:28 UTC): Corrects dollar amount of how much was raised for Pillar III and Pillar Select funds.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
