2 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Blockchain Coinvestors, a blockchain concern steadfast with much than $450 cardinal successful assets nether management, has launched a $200 cardinal mid-stage maturation money providing vulnerability to emerging blockchain companies, a root adjacent to the steadfast told CoinDesk.
The beingness of the money was revealed successful an April newsletter present disposable connected the Blockchain Coinvestors website, but the size of the money wasn’t included.
The caller nine-figure money serves arsenic the latest illustration that the task superior sector’s unreserved into crypto hasn’t slowed down conscionable yet.
That said, Blockchain Coinvestors has been present for the agelong haul. Launched successful 2014, the steadfast has invested successful much than 40 pure-play blockchain task funds and has a combined portfolio of more than 400 blockchain and crypto projects.
The caller “Blockchain Coinvestors VI (Mid Stage Growth)” volition put successful 20 to 30 projects with “attractive instrumentality profiles and disposable paths to liquidity,” according to the newsletter. The mid-stage quality of the funds means backing Series B, C and D backing rounds.
The steadfast said the caller money continues the mid-stage strategy of the money manager that has invested successful the likes of plus manager Bitwise, metaverse onboarder InfiniteWorld, integer plus securities level Securitize and payments processor Wyre, which was acquired past month by payments institution Bolt for $1.5 billion.
Blockchain Coinvestors has 2 different progressive funds. Fund III offers the “fund of funds” strategy, investing successful apical pure-play task funds successful the Americas, Asia and Europe. Fund IV is an aboriginal signifier token money with nonstop entree to private-stage token projects from a money manager that has antecedently invested successful Filecoin, NEAR and Polkadot, among others.
The steadfast besides has a Nasdaq-listed peculiar intent acquisition institution (SPAC) called Blockchain Coinvestors Acquisition I that’s targeting blockchain-enabled businesses. The SPAC raised $261 million successful its November archetypal nationalist offering.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
Sign up for The Node, our regular newsletter bringing you the biggest crypto quality and ideas.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 