Saturday , December 4 2021
Home / Blockchain / Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

Summary:
Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at 0 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round to date – 0 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and financial applications. Peter Johnson – a top executive at Jump Capital – noted that the digital asset industry has accelerated with fast temps recently. As such, his company did not want to miss its chances of getting even further involved into the space: “Crypto is becoming real and the adoption was

Topics:
Dimitar Dzhondzhorov considers the following as important: ,

This could be interesting, too:

Andrew Throuvalas writes Whale Buys 28 Billion SHIB for .2 Million as Price Stalls

Andrew Throuvalas writes 0M Liquidated in 10 Minutes As Bitcoin Dipped to K

Dimitar Dzhondzhorov writes Bitcoin Miner TeraWulf Eyes NASDAQ Listing Following a 0 Million Fund Raise

Chayanika Deka writes BlockchainCom Taps NFT Realm With Beta Version of its New Marketplace

Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone.

Jump Capital’s Seventh Fundraise

The American venture capital firm – Jump Capital – closed its largest fundraising round to date – $350 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and financial applications.

Peter Johnson – a top executive at Jump Capital – noted that the digital asset industry has accelerated with fast temps recently. As such, his company did not want to miss its chances of getting even further involved into the space:

“Crypto is becoming real and the adoption was really accelerating. There was a huge opportunity we had — and we’re uniquely positioned to take advantage of — when we decided to really double down.”

Saurabh Sharma – Partner at Jump Capital – also commented on the move. He opined that the cryptocurrency industry would become a successful financial sector once the underlying blockchain technology reaches the necessary scalability levels:

“For the space to grow and be successful, a couple of things need to happen, and one is that the underlying technology needs to evolve to reach the scalability needed to serve to mass-scale versus something very niche.”

This is Jump Capital’s seventh fundraise and it attracted 167 investors to take part in it. Interestingly, it is almost two times larger than the one before, which equaled $200 million. The venture capital firm has also made 30 investments in the crypto space this year alone.

SkyBridge Launches a $250M Fund to Enhance Blockchain Adoption

Another company that recently decided to double down on its digital asset efforts by raising a serious amount of funds is SkyBridge Capital. By partnering with the trading platform NAX and the blockchain protocol Algorand, the investment firm planned to raise $250 million to spread blockchain usability among institutions.

The intention is to develop a fund called UNLOX. Anthony Scaramucci – Co-Founder of SkyBridge Capital – would serve as its chairman. Apart from promoting the merits of blockchain technology, the initiative would focus on numerous decentralized finance (DeFi) endeavors.

UNLOX would also present institutional investors with assets operating on the distributed ledger technology (DLT), such as property, corporate securities, and venture capital. Subsequently, the new unit plans to enter the non-fungible token (NFT) market.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *