According to TechCrunch, the blockchain-focused venture capital firm Lightspeed Faction announced the launch of a $285 million early-stage crypto fund, which will focus on early-stage blockchain projects raising seed or Series A funding. The fund was initially planned to raise $250 million but exceeded the target by 14%. The average investment size is between approximately $5 to $10 million. Prior to going public, the fund has already invested approximately 20% of its capital in a few projects, with a deployment period of approximately three years.