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.
Jul 20, 2021 at 3:14 p.m. UTCUpdated Aug 21, 2021 at 6:42 p.m. UTC
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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).
- 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.
- Circle intends to go public later this year via a SPAC deal worth $4.5 billion.
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UPDATE (July 20, 16:28 UTC): Corrects dollar amount of how much was raised for Pillar III and Pillar Select funds.
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