Modular Capital, a crypto hedge fund, raised $20 million, with Multicoin Capital among others

On July 18, cryptocurrency hedge fund Modular Capital closed a $20 million funding round, Multicoin Capital, ParaFi Capital, Road Capital and LedgerPrime were among the investors. Founded by James Ho and Vincent Jow, Modular Capital invests in liquid tokens, DeFi and more. In addition, the fund will seek to invest in Primitives that allow applications to build rich experiences for users, such as the Layer-1 and Layer-2 blockchains or various Web3 infrastructure tools.