Bounce Capital – a Chigaco-based enterprise capital agency – determined to broaden its cryptocurrency engagement by closing its newest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone.
Bounce Capital’s Seventh Fundraise
The American enterprise capital agency – Bounce Capital – closed its largest fundraising spherical up to now – $350 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and financial applications.
Peter Johnson – a high government at Bounce Capital – famous that the digital asset trade has accelerated with quick temps just lately. As such, his company did not want to miss its chances of getting even further involved into the space:
“Crypto is turning into actual and the adoption was actually accelerating. There was a huge opportunity we had — and we’re uniquely positioned to take advantage of — when we decided to really double down.”
Saurabh Sharma – Associate at Bounce Capital – additionally commented on the transfer. He opined that the cryptocurrency industry would become a successful financial sector once the underlying blockchain technology reaches the necessary scalability levels:
“For the area to develop and achieve success, a few issues must occur, and one is that the underlying technology needs to evolve to reach the scalability needed to serve to mass-scale versus something very niche.”
That is Bounce Capital’s seventh fundraise and it attracted 167 traders to participate in it. Interestingly, it is almost two times larger than the one before, which equaled $200 million. The enterprise capital agency has additionally made 30 investments within the crypto area this 12 months alone.
SkyBridge Launches a $250M Fund to Enhance Blockchain Adoption
Another company that recently decided to double down on its digital asset efforts by raising a serious amount of funds is SkyBridge Capital. By partnering with the buying and selling platform NAX and the blockchain protocol Algorand, the funding agency deliberate to lift $250 million to unfold blockchain usability amongst establishments.
The intention is to develop a fund called UNLOX. Anthony Scaramucci – Co-Founding father of SkyBridge Capital – would function its chairman. Apart from promoting the merits of blockchain technology, the initiative would focus on numerous decentralized finance (DeFi) endeavors.
UNLOX would additionally current institutional traders with property working on the distributed ledger know-how (DLT), corresponding to property, company securities, and enterprise capital. Subsequently, the new unit plans to enter the non-fungible token (NFT) market.
