Lattice Capital closed a $60 million seed round for its second crypto fund with the goal of investing in dozens at once Web3 projects under development. Governed by Lattice Capital now $80 million.
These funds LC plans to invest in 40-50 Web3 start-ups, allocating between $500000 and $1,5 million per project, depending on requirements and complexity. According to Michael Zaiko, CEO Lattice Capital, the company has already invested in nine projects, of which only one startup, Optic, publicly announced the deal last month, the funds will be used to create an AI engine that will help in NFT authentication.
According to general partner Regan Bozeman, the difference LC from other venture capital companies in that their team boasts a huge amount of experience and a willingness to work with the founders of companies in which they invest. Among other things, LC has close ties to CoinList, a popular ICO platform that promoted new tokens like Solana ($SOL) before they were accepted and used by the masses. True, Coinlist is now more dead than alive.
LC maintain a fairly optimistic outlook on crypto and NFTs. Clearly, the crypto bear market has done little to change the company's view of Web3.
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