According to Foresight News , Fortune reports that venture capital firm Escape Velocity has completed a $61.74 million second funding round, which will focus on investing in DePIN and broader cryptocurrency projects. This round, which closed last December, attracted participation from venture capital giant Marc Andreessen and fintech investor Micky Malka.
Escape Velocity co-founder Mahesh Ramakrishnan remains optimistic about decentralized physical infrastructure. Founded in 2022, the company raised $20 million in its initial funding round and has invested in several DePIN companies, including solar startups Daylight and Glow.
