Bain Capital Ventures sets up half a billion-dollar fund for crypto projects
Venture capital investment in crypto projects topped $25 billion in 2021, more than the sum of the last ten years. Bain Capital Ventures, one of the world's largest startup-investment firms with $5.1 billion in assets under management, has announced the formation of a new $560 million fund that will focus on crypto-related investments.According to a March 8 Bloomberg report, the fund closed in November and it has already invested $100 million in 12 undisclosed projects.Bain Capital Ventures has a history of investing in the crypto and blockchain sector, having previously backed companies....
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Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBiden to sign executive order on crypto, authorize all-government effort to consolidate regulation While many in the crypto community previously feared the worst regarding regulation, President Joe Biden on Wednesday signed an executive order on digital assets that had a relatively favorable approach to the crypto....
Payments giant MasterCard has been named as one of 11 investors in Digital Currency Group's (DCG) new funding round. The undisclosed raise, announced today, attracted support from billion-dollar brands across multiple sectors including Canadian bank CIBC, insurer New York Life and TransAmerica Ventures, the VC fund owned by Aegon and TransAmerica. It marks the first investment in the bitcoin and blockchain sector for all but four of the firms involved. DCG founder and CEO Barry Silbert said in a statement: "It is our mission to accelerate the development of a better financial system, and....
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.”
FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu
FTX Trading Limited has announced the launch of a new venture capital fund aimed at bolstering blockchain and cryptocurrency solutions that are applied to an assortment of different industries. In addition to launching FTX....
Singapore-based institutional investor NGC Ventures, which focuses on venture funding for blockchain-based projects, has announced a new ecosystem fund dedicated to Web3 projects and highlights increased investor demand for startups driving the decentralized internet. NGC Metaverse Ventures, the firm’s third blockchain fund, raised $100 million from investors as it looks to help projects build and […]
Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain. Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to announce the launch of our $500M Borderless ALGO Fund....