Leadblock Partners attracted $ 150 million to the crypto fund
LEADBLOCK PARTNERS, based in Paris and London, attracted $ 150 million to the second fund. About this writes The Block.
Earlier, the company, through the first similar structure, was supported by Yuga Labs, Bitpanda and Blockfi.
Family offices, hedge funds, financial institutions and marketmakers like Cryptocurrency GSR, Portofino Technologies, WoORTON and KEYROCK invested in the new fund.
The structure is focused on investments both in share of joint -stock capital and in startup tokens in the early stages. The participation of market makers in the fund will allow portfolio companies to facilitate the process of subsequent financing.
The start of the distribution process of funds is expected in early 2023.
Leadblock Partners founded immigrants from Goldman Sachs David Kreng-Mestburg, Cat Batist and Jean-Marc Puel.
Recall that in November, the Coinfund investment company announced the involvement of $ 250 million in three sowing structures focused on Web3 projects.
According to Messari and Dove Metrics, in the first six months of 2022, crypto funds raised $ 35.9 billion (+848% by January-March 2021).
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.