💰[Analysis] Bain Capital and Ripple’s Xpring invest in DeFi founder’s ‘Scout Fund’ - Brady Dale

Robert Leshner of Compound Finance has launched Robot Ventures, one of the only if not the only 'scouting' crypto funds. Backed by Bain Capital and Ripple's ($XRP) XSpring, the million dollar fund hands out small, early checks to promising crypto startups. Scouting funds differentiate from regular venture capitalist funding by their purposes, which are geared more toward finding promising startups and then connecting them with institutional money: “In general the check size is $25,000 to $100,000. These are not large investments." Leshner says his crypto experience with Compound Finance gives him a unique approach to DeFi, allowing him to see innovation early. To date, Robot Ventures has invested in crypto-mining company Coinmine and debit card startup Point.