Kraken Ventures, the venture capital arm of cryptocurrency exchange Kraken, is launching its second fund with a target of raising $100 million. The fund will focus on early stage founders and provide support throughout their journey from initial capital to IPO. The previous fund raised $65 million and the new fund represents a significant increase. Kraken Ventures believes that smaller funds are more beneficial for entrepreneurs and investors, as they provide a more hands-on partnership and have been shown to outperform larger funds. While the majority of Kraken Ventures’ investments have been in series A funding, they have invested in a variety of companies, including fintech startup Rightfoot and artificial intelligence and blockchain technology companies.
– Kraken Ventures launching second fund with a target of $100 million
– Focus on early stage founders and support throughout their journey
– Previous fund raised $65 million
– Smaller funds are believed to be more beneficial for entrepreneurs and investors
– Investments have included fintech, AI, and blockchain companies
Hot Take: Kraken Ventures’ decision to launch a second fund with a target of $100 million shows their confidence in the potential of early stage founders in the blockchain and cryptocurrency industry. By providing support throughout the journey from initial capital to IPO, Kraken Ventures aims to create a more open and transparent financial system. The emphasis on smaller funds reflects the belief that hands-on partnerships can lead to greater success. This announcement highlights the continued growth and investment activity in the crypto space.
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