ParaFi Capital is seeking to raise $100 million for its second fund and has currently raised $39 million.

According to a report from Unchained Crypto on September 30th, ParaFi Capital, a crypto venture capital firm managing $633 million in assets, has raised nearly $39 million for its second venture capital fund, ParaFi Venture Fund II. The goal is to raise $100 million. According to a new filing from the US Securities and Exchange Commission (SEC), the fundraising data shows that ParaFi Venture Fund II LP has raised $38,915,000 from 52 investors since the fund opened for investment on May 15th.