Frictionless Capital completes a $20 million fundraise to invest in high-performance blockchains and innovative applications.

Venture capital fund Frictionless Capital announced that its fund Frictionless Fund has raised 20 million US dollars, focusing on investing in high-performance blockchain and defining category applications. The fund has invested in projects such as Backpack, DFlow, Andrena, and Kuzco over the past year. Investors include Franklin Templeton, Foundation Capital, Hutt Capital, Avalon Capital, Pure Crypto, as well as notable figures like Marc Andreessen and Chris Dixon from A16z. Frictionless Capital emphasizes its high conviction investment strategy, focusing on supporting companies that can stand out in the market.