VC Firm Uncorrelated Ventures Raises $315 Million for New Fund

Despite the downturn in the global startup industry and a particularly challenging period for the crypto sector, Uncorrelated Ventures, led by Salil Deshpande, has successfully raised $315 million for a new fund. This achievement comes at a time when the total value of VC deals has plummeted to its lowest since 2019. The firm plans to allocate 80% of the fund to traditional infrastructure software and 20% to crypto-related startups, signaling a continued belief in the potential of blockchain technology despite recent setbacks in the industry. Visit their website located at the uncorrelated.vc domain name.