Telford Ventures closes $30M fundraise to back Web3 startups

Telford Ventures, a venture capital firm based in North Carolina, USA, has announced a $280 million pre-money valuation and raised $30 million. The new funds will be used to strengthen investments in the Web3 field and support innovators in the blockchain and digital asset industries. Mason Merrill, investment managing partner of Telford Ventures, revealed that the venture capital firm will focus on providing startup acceleration services in the Web3 ecosystem and is expected to invest in 50 different projects in the seed and A rounds.