Major Crypto Fundraising Milestone Achieved
In the latest development within the crypto investment space, a prominent New York-based firm has announced the successful completion of its second venture fund raising $68 million. This achievement reflects strong market confidence in the firm's investment capabilities.
Expanding Blockchain Investment Strategy
The firm previously raised $50 million for its initial fund in 2023. The new capital will enable expanded investment activities across the blockchain and digital asset ecosystem, with particular focus on infrastructure protocols, stablecoin applications, fundraising platforms, and Bitcoin scaling solutions.
Experienced Leadership Driving Growth
Founded by former Galaxy Digital investment executive Michael Jordan and Ethereum analyst Jon Charbonneau, the firm's leadership team brings deep industry expertise. Their collective experience has enabled successful early-stage investments in several influential blockchain projects.
Strategic Investment Portfolio
- Backed foundational projects DoubleZero and Monad
- Supported innovative stablecoin application Payy
- Invested in ICO funding platform MetaDAO
- Participated in Bitcoin scaling solutions development
With this new capital raise, the firm plans to continue identifying disruptive blockchain opportunities, focusing on areas like scalability, privacy enhancements, and cross-chain technologies.