On March 28, according to The Block, the crypto venture capital firm MAV 11 has raised $107 million for its third fund, slightly exceeding the initial target of $100 million.

This fundraising was completed approximately nine months later than originally planned, mainly due to the severe crypto market environment and the more cautious attitude of capital providers or limited partners (LPs). Balder Bomans, Chief Investment Officer and Managing Partner of MAV 11, stated: "We have observed and experienced an increased sensitivity among capital providers towards venture capital funds, partly due to widespread losses caused by a series of market collapses in 2022."