# Electric Capital closes $1 billion in funds to back crypto startups, buy tokens

**URL:** <https://forum.devtalk.com/t/electric-capital-closes-1-billion-in-funds-to-back-crypto-startups-buy-tokens/43155>\
**Category:** In The News\
**Tags:** via-techcrunch, crypto, in-the-news\
**Created:** [2 March 2022 15:08 UTC](https://forum.devtalk.com/t/electric-capital-closes-1-billion-in-funds-to-back-crypto-startups-buy-tokens/43155 "2022-03-02T15:08:10Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![CommunityNews](https://forum.devtalk.com/user_avatar/forum.devtalk.com/communitynews/32/1113_2.png) [@CommunityNews](https://forum.devtalk.com/u/CommunityNews)\
**Post date:** [2 March 2022 15:08 UTC](https://forum.devtalk.com/t/electric-capital-closes-1-billion-in-funds-to-back-crypto-startups-buy-tokens/43155/1 "2022-03-02T15:08:10Z")

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> Fervor surrounding the opportunities in the crypto space has seemed to upend the venture world over the past couple years with major players shaking up how their firms are fundamentally organized in order to compete with so-called crypto native investment firms. While a plethora of breakout web3 funds popped up in the past several months, […]

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> **[Electric Capital closes $1 billion in funds to back crypto startups, buy...](https://techcrunch.com/2022/03/01/electric-capital-closes-1-billion-in-funds-to-back-crypto-startups-buy-tokens/)**
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> The fervor surrounding opportunities in the crypto space has seemed to upend the venture world over the past couple of years, with major players shaking

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