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“Developers will rule most of the leading companies with no exception in the financial market” said Avichal Garg, the co-founder of Electric Capital

Electric Capital, a Blockchain VC company, has raised $1 billion for two start-up funds. Respectively allocated $400 million for a venture fund and $600 million for a spot fund.

Electric Capital disclosed that both the $1 billion round, and the $110 millions round in August 2020, are from University Endowments, NPOs, and Charity Organizations. These organizations solely work with the crypto industry and are known for long-term investing.

Garg said those funds perfectly match with Electric Capital’s long-term investing strategy. He also believed that with the power of 10-year compounding, the fund performance will be enormous.

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8 Apr 2024
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