According to BlockBeats, on November 9, TechCrunch reported that Lightspeed Faction, a venture capital firm focusing on blockchain, announced the launch of a $285 million early crypto fund, which will focus on early blockchain projects that raise seed or Series A financing. The fund initially planned to raise $250 million, but ultimately exceeded the target by 14%. The average investment size is between about $5 and $10 million. Prior to the public offering, the fund had invested about 20% of its capital in a few projects, with a deployment period of about three years.