Dispersion Capital Launches $40M Fund for Web3 Infrastructure
In Brief
Dispersion Capital has announced its $40 million fund to back foundational web3 infrastructure.
The venture firm has already invested in 20 firms with most of them receiving follow-on financing.
The newly launched fund has received support from Lightspeed, Wemade, Circle Ventures, Ripple, Alchemy Ventures, Hashkey, Forte, and more.
Early-stage venture firm Dispersion Capital launched its $40 million fund to back decentralized infrastructure.
Focusing on specific layers of web3, including fintech and gaming infrastructure, security, data, and platforms challenging legacy industries, the VC firm has already invested in 20 firms, with most receiving follow-on financing.
The newly launched fund has received support from Lightspeed, Wemade, Circle Ventures, Ripple, Alchemy Ventures, Hashkey, Forte, as well as and individual GPs at top venture firms and infrastructure executives.
“Since 2021, thousands of talented developers have emerged in the web3 space, poised to build next-gen applications. However, their potential is limited by the immaturity of the infrastructure. Dispersion Capital aims to support the creation of robust and developed infrastructure beyond protocols and networks,” Patrick Chang, co-founder & managing partner at Dispersion Capital, said in a statement.
Chang believes that apps are one of the most important components in the web3 space as they onboard “the next billion users to blockchain.” By only focusing on investing in foundational web3 infrastructure, Dispersion Capital hopes to support the platforms and tools that enable developers to build groundbreaking applications.
I think about infrastructure in four major verticals. One of them is FinTech infrastructure, but in web3. Second is gaming which I think is the lowest hanging fruit in web3 right now, outside of financial infrastructure, because that’s already happened. Exchanges are the killer app for cryptocurrencies. But the next real adoption that has staying power – not the speculative stuff like NFTs – is going to be gaming, and I’m not talking about web3 gaming like Axie infinity.
Chang explained in an exclusive interview with Metaverse Post.
Chang brings a wealth of experience as a seasoned venture capitalist. He has a notable track record and led Samsung Next’s blockchain investments before starting Dispersion Capital. Under his leadership, he played a pivotal role in transitioning their focus from web2 to web3. He revealed to Metaverse Post that Samsung Next was the very first investor in the web3 developer platform Alchemy and one of the first investors in Forte, BlockStack, and others.
Brendon Kim, MD and Head of Investments at Samsung Next, said in a press release that Patrick was an “instrumental force in establishing Next’s presence as an investor in web3 and blockchain”.
“His tenacity and conviction in the space guided us to make non-obvious choices as early-stage investors that continue to bolster our reputation in the market. After nearly a decade of working closely with Patrick and witnessing firsthand the passion and impact he brings to every project, we know he has a unique ability to spot the best and most ambitious founders before others and is well-positioned to scale the next generation of web3 infrastructure,” Kim added.
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About The Author
Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.
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Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.
