Momentum Capital Secures $10 Million Investment from BM Fund
Published just 1 minute ago, San Francisco-based crypto-native fund Momentum Capital has announced a $10 million investment from Canada’s BM Fund. The investment was finalized in July 2023 and will be used to expand the team and support early-stage web3 projects.
Key points:
– The $10 million investment from BM Fund will help Momentum Capital in its mission to find “the next ‘Apple’ in crypto.”
– BM Fund decided to invest in Momentum Capital due to its performance during volatile market phases, highlighting the fund’s proficiency.
– Momentum Capital is ready to amplify its focus on web3 opportunities, remaining devoted to investing in and nurturing web3 projects of intrinsic value.
– The fund will focus on nurturing global builders, with an emphasis on web3 infrastructure, regional web3 opportunities, and web3 applications.
Hot Take
Momentum Capital’s $10 million investment from BM Fund is a significant boost for the crypto-native fund. With a focus on web3 projects and a strong track record during bear markets, Momentum Capital is well-positioned to capitalize on the next stage of the crypto market cycle. The infusion of capital will support the fund in its mission to discover the next game-changing crypto project.
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