- Halo Capital: A New Crypto Venture Fund
- Galaxy Digital Raises a New Fund to Support Innovation
- Increased Interest in the Crypto Market and Rising Fundraising Volumes
Daniel Howard, son of prominent billionaire hedge fund manager Alan Howard, along with his colleague Bhavin Vaid, has launched a new venture fund called Halo Capital focused on cryptocurrencies. The fund has raised $25 million to invest in early-stage digital asset projects.
Halo Capital: A New Crypto Venture Fund
While the names of the investors backing Halo Capital remain undisclosed, Howard and Vaid have expressed their intention to apply the mindset of growth investors to emerging projects. Halo Capital's investment strategy is broad, covering well-known assets like Bitcoin to the cutting-edge intersection of decentralized finance (DeFi) and artificial intelligence (AI). Despite the volatility of the crypto markets, the fund has attracted around 20 partners, including company founders and research experts.
Galaxy Digital Raises a New Fund to Support Innovation
In July, Galaxy Digital, led by Michael Novogratz, successfully raised $113 million for its new crypto venture fund, Galaxy Ventures Fund 1 LP. The fund aims to build a diversified portfolio consisting of approximately 30 investments within the cryptocurrency and blockchain space. Additionally, Galaxy Digital plans to leverage this new fund to support innovative projects focusing on cryptocurrency software, blockchain infrastructure, and digital finance.
Increased Interest in the Crypto Market and Rising Fundraising Volumes
The crypto market continues to attract substantial funds through various fundraising efforts over the years. According to PitchBook, in the first quarter of 2024, the market saw a surge in fundraising, amounting to $2.4 billion. Previously, CMT Digital raised $150 million for its fourth fund, focusing on longer-term crypto investments.
The growing interest in cryptocurrency markets and active investments in this sector highlights its significant potential. New funds like Halo Capital and Galaxy Ventures Fund 1 LP aim to support innovative projects, underscoring investors' commitment to further development in this area.
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