### Dispersion Capital: A $40 Million Fund for Web3 Infrastructure Projects
Dispersion Capital, a new crypto-focused venture capital firm, has announced the launch of a $40 million fund dedicated to pre-seed and seed investments in Web3 infrastructure projects. The fund aims to support teams that are bridging the gaps in today’s infrastructure and building new standards for decentralized tech layers[^1^]. Limited partners backing the fund include Circle’s venture capital arm, Ripple, and Alchemy’s investment arm[^1^].
Despite the current bear market in the crypto industry, Dispersion Capital believes that infrastructure projects have proven to be the most resilient sector[^1^]. The firm aims to find and fund the fundamental tech layers that will enable the creation and launch of multi-chain, multi-currency, and multi-platform applications[^1^].
Patrick Chang, the founder and managing partner of Dispersion Capital, brings 20 years of experience in venture capital to the table[^1^]. Prior to founding Dispersion Capital, Chang has worked with notable firms such as Bain Capital Ventures and Samsung Next[^1^]. He has also made strategic investments in companies like Alchemy, Dapper Labs, and Flow[^1^].
So far, Dispersion Capital has already deployed approximately 10% of the fund, backing 20 companies including Chaos Labs and Mystiko Network[^1^]. These investments highlight the firm’s focus on on-chain security and Web3 privacy infrastructure[^1^]. However, Chang acknowledges that the foundational layer of Web3 infrastructure is not yet ready to accommodate billions of users[^1^].
With this $40 million fund, Dispersion Capital aims to support the growth and development of Web3 infrastructure projects, filling the gaps in the current industry landscape[^1^]. By investing in innovative teams and technologies, the firm hopes to contribute to the advancement of the decentralized tech ecosystem.
**Sources:**
[^1^]: [Coindesk – Dispersion Capital Opens $40M Fund for Web3 Infrastructure](https://www.coindesk.com/web3/2023/05/24/dispersion-capital-opens-40m-fund-for-web3-infrastructure/)
Disclaimer: This description is based on publicly available information and is not financial, legal, or tax advice. Please do your own research and make your own decisions.
The fund was founded by Patrick Chang, an active angel investor in the crypto industry.
New crypto-focused venture capital firm Dispersion Capital has launched a $40 million fund focused on pre-seed and seed investments in Web3 infrastructure projects. Limited partners backing the fund included the venture capital arm of USDC issuer Circle, enterprise-focused crypto firm Ripple and Web3 infrastructure giant Alchemy’s investment arm.
The fund is opening for business during an extended crypto bear market that has slowed investments in the space, though infrastructure projects have proven to be the most resilient sector.
“We’re looking for teams that are bridging today’s infrastructure gaps and building new standards for decentralized tech layers,” Patrick Chang, founder and managing partner of Dispersion Capital, wrote in an announcement post. “Their work will make it possible to create and launch multi-chain, multi-currency, and multi-platform applications. We want to find and fund the fundamental tech layers that make this possible.”
Chang told TechCrunch that Dispersion Capital has already deployed about 10% of the fund, backing 20 companies, including on-chain security platform Chaos Labs and Mystiko Network, a Web3 privacy infrastructure layer.
In his post, Chang noted that venture capital money poured into the crypto industry in 2021, and the focus was on the so-called application layer of Web3, or decentralized applications (dapps) that helped onboard users into areas such as non-fungible tokens (NFTs) and decentralized finance (DeFi). As the bull market gave way to the bear, crypto infrastructure was found wanting.
“Web3’s foundational layer wasn’t (and still isn’t) ready for billions of users,” wrote Chang.
Chang, an active angel investor, has worked in venture capital for 20 years, including stints at Bain Capital Ventures and Samsung Next. As an institutional investor, Chang has guided investments into a number of crypto companies, including Alchemy, Dapper Labs and Flow, he told CoinDesk in a message.
Update (UTC 15:56): Update adds Dispersion Capital’s portfolio to the fourth paragraph and expands on Chang’s work history in the final paragraph.
https://www.coindesk.com/web3/2023/05/24/dispersion-capital-opens-40m-fund-for-web3-infrastructure/
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