Exit Strategy: Why Private Capital Is Fleeing Crypto
With the crypto market’s decline, investors, big and small, have been making various moves to ensure they are in the best position to weather the storm. For some, it is moving to more established cryptocurrencies or stablecoins for the cover they provide. For others, they have chosen to exit the market completely to avoid any […]
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The investment branch of Sweden's SEB Group has been investing in what it calls "deep technology" startups for over 20 years. Since 1995, it has been investing in a wide range of startups through SEB Venture Capital, including management app Tink and post-trade securities startup Information Mosaic. In 2010, CA Technologies purchased SEB investment Arcot for $200m, and in 2014, Cisco purchased SEB investment Tail-f for $175m. But when it came to backing its first bitcoin business, the team of nine investors with an allocation of about $250m (2bn SEK) from SEB Group didn’t want to....