PANews reported that Scenius Capital completed a slightly oversubscribed $20M fund targeting emerging crypto venture capital managers, with strategic backing from ParaFi amid challenging market conditions.
According to PANews and Blockworks, Scenius Capital has completed a $20M fund focused on emerging crypto venture capital funds, supporting early-stage managers. ParaFi's strategic investment aims to expand its business lines and token capital markets advisory services, reinforcing the firm's focus on first- or second-round managers despite market challenges.