Scenius Capital Launches $20 Million Fund for Emerging Crypto Ventures

According to PANews, Scenius Capital has announced the successful completion of a slightly oversubscribed $20 million fund aimed at investing in emerging crypto venture capital funds. The company stated that the fund will support early-stage managers with domain, regional, or ecosystem advantages. ParaFi has strategically invested in Scenius Capital and will provide financial support for expanding its business lines and token capital market advisory services. Despite challenging market conditions, Scenius Capital has secured backing from several crypto-native limited partners and plans to continue focusing on small, first-round, or second-round managers.