The Swiss advisor investing in crypto projects and backing early-stage firms
L1 Digital AG, a Zurich-based investment advisor focused on digital assets, has raised $152 million for its second venture capital fund. The firm will invest 70% of the funds directly into crypto startups and the other 30% into early-stage crypto-focused investment firms. L1D currently backs industry investors Multicoin Capital, DeFiance Capital, Castle Island Ventures, and 1kx. L1D is registered with FINMA, Switzerland’s financial regulator, and manages one alternative investment fund plus two venture capital funds. L1D has experience with raising and deploying funds during bear markets. The new L1D Blockchain Venture II SLP fund has already deployed about one-third of its capital.
Key Points:
- L1D has raised $152 million for its second venture capital fund.
- 70% of the funds will be invested directly into crypto startups.
- 30% will be invested in early-stage crypto-focused investment firms.
- L1D backs industry investors Multicoin Capital, DeFiance Capital, Castle Island Ventures, and 1kx.
- The new fund has already deployed about one-third of its capital.
Hot Take:
L1 Digital AG’s successful fundraising for its second venture capital fund shows continued interest and confidence in the crypto industry. By investing directly in crypto startups and backing early-stage firms, L1D is positioning itself to benefit from the potential growth and maturation of the crypto space. The firm’s experience with raising funds during bear markets demonstrates its ability to navigate challenging market conditions and find opportunities. Overall, L1D’s focus on digital assets and its strategic investment approach make it a notable player in the crypto investment landscape.
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