PANews reported on November 14 that according to Fortune, the cryptocurrency early-stage investment fund Portal Ventures is about to complete the second phase of fund raising, with a scale of US$75 million and oversubscription to US$90 million. Chris Dixon and Marc Andreessen of a16z, Henry Kravis of KKR, and several managing directors of Insight Partners participated in the investment. The fund was founded by Evan Fisher and focuses on first-round investments in cryptocurrency startups. Its first phase of US$40 million fund was raised in early 2022, and the main investment was completed during the bear market in 2023. It has been fully deployed and is expected to distribute income next year.