North Island Ventures raises $125 mn for crypto-focused investment

North Island Ventures, a crypto-focused investment firm, announced the closing of NIV Fund II with $125 million in commitments.
Dollar spending on technologyNorth Island Ventures aims to make 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols, with initial investments ranging from $250,000 to $3 million.

NIV Fund II is North Island Ventures’ second new investment vehicle within the past year, bringing the firm’s total assets under management to approximately $300 million. These funds will support investments in Web3 infrastructure and applications spanning multiple layers, verticals, and use cases, across DeFi, NFTs, digital identity, blockchain cybersecurity, cross-chain interoperability, DeSci, and more.