Unshackled Ventures' third fund has raised $35 million and has begun investing in Web3 and AI

According to TechFlow, venture capital firm Unshackled Ventures announced that its third fund has completed fundraising of US$35 million, of which about 73% came from institutional investors including Cambridge Associates, Cendana, Emerson Collective, California Infrastructure and Economic Development Bank, and Sorenson Impact Advisory.

It is reported that the new funds have begun investing in the fields of artificial intelligence and Web3, including Web3 identity infrastructure startup Masa Finance and generative AI legal technology company Formally.