Escape Velocity Confirms New $62 Million Fund
Escape Velocity has raised a $62 million fund. The venture firm said the capital will support decentralised physical infrastructure networks. These include networks for telescopes. They also include networks for solar energy. The firm said the fund targets projects that build real utility.
The founders said the raise shows strong interest in DePIN. They said investors still believe in decentralised models. They added that DePIN can support new peer-to-peer services. They also said the model can help reshape infrastructure in stages.
Escape Velocity said the raise gives it room to back new teams. It said the fund will support founders building long-term ideas. The firm added that the market still rewards real progress. It said the goal is to find projects that move beyond early hype.
Renewed Focus on Physical Infrastructure Projects
The firm said its new fund addresses a clear gap. It said physical infrastructure needs new models. It added that decentralised systems can support new ways to share resources. The team pointed to networks that use peer support. It said these networks can grow in steps.
Tokens for several DePIN projects trade near lows. Helium and Hivemapper tokens remain weak. The firm said this does not change its view. It said market cycles are normal. It added that strong ideas survive these stages.
Ramakrishnan said crypto swings between extremes. He said teams must stay focused. He added that the best projects rely on real progress. He said these projects take time.
Escape Velocity said DePIN is still early. It said the sector can scale when ideas match real needs. It said this requires patience. It also said founders need support through small steps.
Strong Investor Backing for the Fund
The raise attracted high-profile investors. These include Marc Andreessen. They include Micky Malka. The firm said Cendana put in the largest single commitment. It said the support reflects the team’s early work. It also said investors want long-term exposure to DePIN.
The founders met during internships at Goldman Sachs. One later worked at Ribbit Capital. The other joined Apollo Global Management. They said these roles helped shape their approach. They added that investor discipline matters. They also said new models need trust.
The firm raised its first fund in 2022. The market was weak at that time. Yet it secured backing from major crypto investors. The partners said this gave them a strong start. They used the fund to back solar-focused DePIN projects. These include Daylight. They include Glow.
The firm has not returned capital yet. It said investors commit for ten years. It said this structure fits its goals. It added that long-term cycles help build strong projects. It said this gives founders room to grow.
Cendana said Escape Velocity has strong access. It said the team sees early projects. It added that the firm has a clear view of the sector.
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Building on DePIN Momentum
Ramakrishnan said the idea behind DePIN feels powerful. He said cryptographic incentives reshape behaviour. He said they help build communities. He added that these communities support core systems. He also said new networks need these incentives.
Escape Velocity said the fund helps expand its role. It said it wants to support founders with real plans. It added that the next phase needs discipline. It also said many past projects launched too early. It added that the market rewards teams with clear steps.
The firm said DePIN will take time to mature. It said new infrastructure grows slowly. It added that patient investors help. It also said this patience builds stronger outcomes.
The firm said crypto continues to evolve. It said decentralisation remains core. It added that founders will keep building. It also said new models will enter more industries. These include energy. These include mapping. They also include communication.
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