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Portal Ventures Raises Oversubscribed $75 million Crypto Fund

Pre-seed cryptocurrency venture fund Portal Ventures raised an oversubscribed $75 million crypto fund backed by Chris Dixon and Marc Andreessen. At the same time, Portal Ventures will hold workshops aimed at educating institutional investors on the role of sBTC in improving bitcoin capital efficiency and transforming it into a productive asset. Portal Ventures has led multiple rounds of pre-seed funding related to Stacks.