ParaFi Venture Fund II LP has raised $38,915,000 from 52 investors since May 15, with a target of $100 million. That's according to an SEC filing. The fund, founded by Ben Forman in 2018, was initially filed for in September 2022 but had not made any sales at that time. ParaFi has seen significant investment activity, including $200 million for its flagship fund and $30 million for a new fund in 2021.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.
