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Kraken Ventures Seeks $100 Million for a Second Crypto Venture Fund!

August 14, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Writer: Mustafa Mulla Aug 14, 2023 20:07

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Kraken Ventures, the enterprise capital unit of crypto alternate Kraken, is in search of to lift $100 million for its second fund, in line with three insiders. Kraken Ventures secured $65 million for its inaugural fund, which closed in 2021. Brandon Gath, managing associate of Kraken Ventures, mentioned smaller funds outperform bigger funds and that it might proceed to help founders from early stage to IPO. Funding quantity within the crypto sector has fallen for 5 consecutive quarters and is anticipated to lower in Q3 2022. Startups together with Ledger and LayerZero Labs have nonetheless been capable of safe massive sums of capital.

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Tags: CryptoFundKrakenMillionseeksVentureVentures
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