Canonical Crypto expects to invest in 40 to 50 projects with the first fund, writing checks ranging from $250,000 to $500,000 for pre-seed to seed round investments. The firm will offer operational support with a focus on helping founders figure out how to tailor their tooling for the right set of users and a go-to-market strategy to get the solution to the best audience.
Source: https://www.coindesk.com/business/2022/06/02/canonical-crypto-launches-20m-inaugural-fund-backed-by-marc-andreessen-chris-dixon/?utm_medium=referral&utm_source=rss&utm_campaign=headlines