Scenius Capital has successfully raised a slightly oversubscribed $20 million for a fund focused on backing emerging crypto VC funds. Co-founders Ben Jacobs and Greg d’Incelli emphasized that this achievement signifies the recognition of their high-integrity approach amidst a challenging fundraising climate. They noted that the crypto venture landscape is at a pivotal moment, particularly with evolving regulations. Additionally, Scenius announced a strategic partnership with ParaFi, which sees Bitcoin as a key asset in its portfolio. Despite bearish sentiments about crypto venture capital, Jacobs underscores the ongoing value and opportunities available for first-time and second-time managers in the space. The firm is backed by several crypto-native LPs, although specifics were withheld from the announcement.

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