Share this article
BTC
$77,754.82
+
0.44%ETH
$1,493.87
+
0.43%USDT
$0.9992
-
0.01%XRP
$1.8461
-
1.18%BNB
$564.70
+
2.27%USDC
$1.0000
+
0.01%SOL
$107.06
+
2.53%DOGE
$0.1476
+
0.98%TRX
$0.2305
-
0.76%ADA
$0.5747
+
0.03%LEO
$9.1599
+
1.68%TON
$3.0429
+
2.34%LINK
$11.43
+
3.06%AVAX
$16.98
+
1.52%XLM
$0.2224
-
1.69%SHIB
$0.0₄1112
+
1.74%SUI
$1.9694
-
0.55%HBAR
$0.1513
-
1.32%OM
$6.3363
+
2.75%BCH
$274.97
+
0.14%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Kraken Ventures Raises $65M for Early-Stage Crypto Fund
The fund will invest in financial infrastructure, Web 3, DeFi, artificial intelligence and machine learning startups.
Kraken Ventures raised $65 million for its first fund, which will invest in early-stage cryptocurrency and tech startups.
- Kraken Ventures (whose largest liquidity provider is Kraken, the fourth-largest crypto exchange by volume) in February launched an independent fund led by its former head of corporate development Brandon Gath.
- The new fund currently holds positions in the blockchain infrastructure platform Blockdaemon, digital asset platform Anchorage and crypto database provider Messari and more, Kraken said Friday.
- Kraken Ventures said it will invest in financial infrastructure, Web 3, decentralized finance (DeFi), consumer crypto protocols, artificial intelligenc, and machine learning startups. The fund will target initial investments in the $500,000 to $2 million range.
- “Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols,” Gath said.
- The Texas-based fund also expanded its team in Europe with the appointment of Laurens De Poorter as head of European operations. Before joining the fund, De Poorter worked at Dawn Capital overseeing early-stage investments in enterprise software and fintech companies
Read more: New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups
STORY CONTINUES BELOW
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
