Round13 Capital's third fund has raised $200 million

The third fund of Canadian venture capital Round13 Capital has completed a fundraising of US 200 million. Bruce Croxon and John Eckert, the co-founders of the venture capital firm, have now handed over the leadership. It is reported that the financing target of the new fund is US$300 million. Round13 is more active in the encryption industry. Its investment portfolio includes decentralized identity company Qui Identity and blockchain infrastructure company ChainSafe Systems. Last year, it also launched a dedicated digital asset fund to invest in blockchain and Web3 infrastructure companies.