Portal Ventures' encryption fund raised approximately $90 million in excess of its subscription under the offering.

Odaily Planet Daily News: Portal Ventures' encryption fund, raised over $90 million in excess of subscription, has reportedly closed its second fund, with an initial target of approximately $75 million but exceeded by $90 million in subscription. Portal Ventures This fund has received support from several encryption industry investment institutions, including Hack VC, as well as Lennertz and Accolade. Portal Ventures is relatively unknown in the market compared to more prominent cryptocurrency super funds such as Paradigm, Haun Ventures, and a16z crypto. (Fortune)