PANews reports that C1 Fund, a pioneering closed-end fund for primary market Web3 investments, raised approximately $60 million by issuing 6,000,000 shares at $10 each, with Huaxing Capital as the sole underwriter in Asia.
C1 Fund, the first Web3-focused closed-end fund for primary market investment, successfully completed its IPO on the New York Stock Exchange. The fund raised about $60 million by issuing 6,000,000 shares at $10 each, with Huaxing Capital acting as the sole underwriter in Asia. Headquartered in Palo Alto, C1 Fund plans to invest at least 80% of its assets in Web3 and digital asset companies through a portfolio of 30 firms.