European VC Xange has stopped raising money for its Web3 fund

Odaily News According to people familiar with the matter, XAnge, a European venture capital firm that manages more than 600 million euros, has stopped raising funds for its first crypto venture capital fund. XAnge CEO Cyril Bertrand also revealed that it will no longer raise funds for specific cryptocurrency funds. Earlier news, Xange raised 220 million euros for its fourth fund in July 2022 and focused on investing in digital health, DeFi, Web3, development tools and other fields. (sifted.eu)