Cryptocurrency-focused investment firm CoinFund is seeking to raise $250 million for its new seed fund, CoinFund Seed IV, according to a new filing with the U.S. Securities and Exchange Commission (SEC). The new fund is split into three tranches, two in the Cayman Islands and one in Delaware, usually for legal and tax purposes. The Cayman funds, which are targeting $130 million and $20 million respectively, and the Delaware fund, which is targeting $100 million, have not yet opened up to investors. Founded in 2015, CoinFund initially focused on seed-stage investments in Bitcoin and decentralized finance (DeFi) projects. Its portfolio includes NBA Top Shot creation team Dapper Labs, blockchain infrastructure provider Blockdaemon, and data indexing protocol The Graph. This follows the launch of the $300 million CoinFund Ventures I fund in August.