Fun, which builds fiat and crypto payment rails for platforms like Polymarket and Aave, raised a $72M Series A in January, co-led by Multicoin and SignalFire
The finer details of back-end payment systems are enough to make most people's eyes glaze over, even those in crypto.
We have a pretty structured memo process at @multicoin for venture deals The 2nd section is called “Why does this present compounding returns?” ie what are the moats and network effects The section written for @fun memo was one of the most dense and compelling we've ever
Had the opportunity to meet the team at their office in NYC a few weeks back. People have no idea how dense the talent pool is there. And the volume they're putting up already with 0 marketing. Easily one of the biggest sleeper companies in all of web3 GG's team!