Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
Early-stage venture capital firm Dispersion Capital recently exited stealth to launch a $40 million fund for startups working on infrastructure for Web3 projects.
Per an announcement, Dispersion Capital has already invested in 20 companies, “with a majority receiving follow-on financing.”
Dispersion Capital is a global early stage web3 VC fund. We invest in the disruption of the blockchain technology emerging from the web3 infrastructure reinvention which we are calling the “Dispersion Economy”. Dispersion specializes in web3 infrastructure and platforms.
The firm aims to invest in startups working to “advance cutting-edge infrastructure needed for a multichain, multi-currency, and multi-platform world,” with a particular focus on Web3 and decentralized platforms.
Dispersion Capital’s backing comes from several high-profile organizations, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Cherubic Ventures, Forte and NGC.
The firm’s apparent focus is on expanding infrastructure for Web3 applications. In an interview with TechCrunch, Dispersion Capital founder Patrick Chang explained his organization’s goal was to “get Web3 to a level similar to cloud computing.”
Related: Blockchain developers launch $50M fund to increase Wormhole adoption
Chang explained that an influx of Web3 and nonfungible token-focused companies entering the ecosystem in 2021 created the need for stronger infrastructure support. “What was frustrating for users and people coming into web3 was onboarding, scalability and hacks,” Chang told TechCrunch, before adding, “the infrastructure was incredibly immature and people weren’t thinking about it.”
According to the announcement, Dispersion Capital’s sole focus is on funding startups
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