According to TechFlow, L1 Digital (L1D), an investment institution focusing on digital assets, has successfully raised $152 million for its second venture capital fund. L1D plans to invest 70% of the funds in crypto startups to promote the development of blockchain technology and the DeFi market; the other 30% will be invested in early investment companies focusing on the crypto field to further expand market influence.

It is worth mentioning that L1D has supported many well-known industry investment institutions, such as Multicoin Capital, DeFiance Capital, Castle Island Ventures and 1kx. The successful fundraising is expected to bring more innovation and vitality to the crypto field.