Lattice Capital, a venture capital firm that makes early-stage bets on crypto projects and protocols, has raised $60 million for its second fund, tripling the capital commitment from its first purse last August, Lattice general partner Mike Zajko told CoinDesk in an interview.

Lattice will write $500,000 to $1.5 million checks out of the fund with plans to invest in 40 to 50 companies, Zajko said. Capital has already been deployed to nine companies, though the only deal that was publicly announced so far was for Optic, a startup that uses artificial intelligence to authenticate non-fungible tokens (NFTs). Optic announced an $11 million funding round last month.

The existence of the Lattice Capital II fund was revealed in a February regulatory filing, but Lattice exclusively confirmed to CoinDesk the size and details of the fund.