Crypto Fund Momentum Capital Secures $10 Million Investment from BM Fund
San Francisco-based crypto-native fund Momentum Capital has received a $10 million investment from Canada’s BM Fund. The funding will be used to expand Momentum Capital’s team and support early-stage Web3 projects. BM Fund founder Carmen praised Momentum Capital’s proficiency and performance, leading to their decision to invest during bear markets. Momentum Capital plans to focus on Web3 opportunities in the next stage of the crypto market cycle and invest in projects with intrinsic value. The recent investment highlights a renewed interest in crypto fundraising, with companies like Flashbots and Futureverse also securing significant funding rounds.
Key Points:
- Momentum Capital receives a $10 million investment from BM Fund
- Funding will be used to expand the team and support early-stage Web3 projects
- Momentum Capital plans to focus on Web3 opportunities and projects with intrinsic value
- Renewed interest in crypto fundraising with companies like Flashbots and Futureverse securing funding
- AI funding has impacted funding for the crypto industry, making late-stage funding more difficult
Hot Take:
The $10 million investment in Momentum Capital from BM Fund highlights the growing interest in crypto projects and the potential for significant returns. As the crypto market continues to evolve, investors are looking for the “next big thing” in the industry. Momentum Capital’s focus on Web3 opportunities and projects with intrinsic value positions them well for success in the coming months. However, the impact of AI funding on the crypto industry is a concern, as it has made late-stage funding more challenging for startups. Nevertheless, the overall momentum in crypto fundraising is a positive sign for the industry’s growth.
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