Arrington Capital Launches $100M Growth Fund for Moonbeam Ecosystem

Crypto investment firm Arrington Capital has partnered with the Moonbeam Foundation for a new $100 million ecosystem fund for Polkadot’s EVM-compatible Moonbeam parachain. The Arrington Moonbeam Growth Fund will finance new companies and protocols on the Moonbeam network, aiming at a wide range of verticals, including decentralized finance (DeFi), marketplaces, non-fungible tokens (NFTs) and gaming. The fund has already deployed capital to two undisclosed projects. Arrington Capital participated in a $1.4 million funding round for Moonbeam in 2020 and a $6 million strategic capital raise last year.