Early-stage venture firm Inflection has raised a new found to invest into the “open economy”, as the firm says in its investment thesis. With that term, the firm means that it plans to cover all things crypto, web3 and blockchain with its new $40.7 million fund.
Limited partners in the Mercury Fund include Accolade Partners, Evanston Capital, Isomer, Hutt Capital, Multiple Capital, Christian Angermeyer’s Presight Partners, Galaxy Digital, DCG, Rockaway, Marc Andreessen, Chris Dixon, Bo Shao and Erik Voorhees.
Inflection plans to write the first VC check for new crypto projects — the investment could range from $0.5 million to $1.5 million. While the fir …
