According to ChainCatcher, citing inc42, venture capital firm Cornerstone Ventures announced that it will complete the fundraising of $200 million for its second fund by the end of this year. It is reported that the fund first raised $40 million in January and planned to raise an additional $10-15 million in April.
Cornerstone stated that its second fund will focus on industries such as financial services and technology markets, and will also allocate a portion of its funds to support startups operating in the Web3 and quantum computing sectors.