European VC XAnge Launches New €220 Million Fund to Focus on DeFi, Web3 and More

European venture capital firm XAnge announced that it has raised €220 million in a new fund that will focus on investments in digital health, DeFi, Web3, development tools and biotechnology, with an expected investment size of between €300,000 and €10 million each. In addition, XAnge is launching a dedicated Web3 fund called Digital Ownership Fund with a target funding of €80 million. Previously, XAnge was involved in investing in Ledger, a crypto asset hardware wallet.