RW3 Ventures Raises $60 Million for Blockchain, Web3

RW3 Ventures has announced the closure of its first fund worth $60 million aimed at propelling the development of early-stage blockchain and Web3 companies.^[1]  

The investment was headed by billionaire Jim Pallotta's family office, Raptor Group, with major backing from Abu Dhabi's sovereign wealth firm Mubadala.

The funding is poised to drive forward the progress of nascent ventures within the blockchain sphere, focusing on bolstering foundational elements, protocols, and applications crucial to the expansion of blockchain technologies.

Established in 2009, RW3 Ventures is positioned to catapult early-stage ventures into leading ones within the realms of blockchain infrastructure, decentralized applications, and protocol development.