A partner at DWF Labs announced plans to launch a new fund of $30 million to $75 million, focusing on DeFi/CeDeFi products.

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According to TechFlow TechFlow, on November 21, Andrei Grachev, a partner at DWF Labs, revealed on social media that the firm will soon announce the launch of a new fund.

According to Andrei Grachev, the new fund is expected to be between $30 million and $75 million, with all funds coming from DWF Labs' own cash reserves. It will focus on investing in decentralized finance (DeFi) and centralized decentralized finance (CeDeFi) products.

Andrei Grachev stated that the team believes the current market downturn presents the best opportunity to secure quality deals with excellent builders.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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