Veteran investor Dan Tapiero has launched a $500 million fund through his firm 50T, focusing exclusively on scaling late-stage Web3 companies. The fund seeks to support firms with significant revenue and market adoption.
Strategy and Goals
50T’s approach contrasts with early-stage venture funds by backing companies that already have proven models but need capital to scale globally. Tapiero cited the “immense opportunity” in Web3’s maturing ecosystem.
“Many promising blockchain firms stall because of lack of late-stage capital. We aim to fill that gap,” he said.
Reactions
The fund has already attracted commitments from major institutional investors, signaling confidence in Web3’s long-term prospects despite market fluctuations.
Crypto strategist Alex Mohr noted: “Late-stage capital is crucial for bringing Web3 from niche to mainstream. 50T’s fund could accelerate that shift.”
Outlook
50T intends to deploy the capital over the next two years, targeting 10–15 investments, with an emphasis on DeFi, infrastructure, and compliance-focused projects.
