This edition of Cointelegraph’s VC Roundup features Asylum Ventures’ new fund, as well as startups Puffpaw, Permissionless Labs, Infinit, DRiP, IN1 and DeFi.Gold.
A new venture capital firm in New York City wants to bring back the art of making startups. With a $55 million fund, Asylum Ventures recently launched its new fund targeting inception-stage startups, planning to invest $1-2 million in pre-seed and seed-stage firms.
Behind the initiative are Nick Chirls, founder of Notation Capital and an early investor in Livepeer, Solana, Near, and Bison Trails — now Coinbase Cloud — and Jonathan Why, a former Aztec Networks growth leader.
Asylum is based in Brooklyn but is generalist in geography and scope. “We are generalists, but we believe the best investments are in markets/categories that no one cares about (yet),” Wu told Cointelegraph. “We are looking for the categories that folks will be excited about 5-10 years from now.”
