Reddit Co-Founder’s VC Firm Raises $177M for Unique Crypto Opportunity

Автор admin Опубликовано Авг 31, 2022

iHodl.com

Seven Seven Six, a venture capital firm led by Reddit Co-Founder Alexis Ohanian, is reportedly raising $177.6 million for its new cryptocurrency fund called Kryptós to invest in highly potential tokens, The Information has learned, citing sources close to the matter.

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The firm reportedly told investors in the brochure it wants to capitalize on a potentially “unique opportunity” to invest in “strong founders at a discount.” Seven Seven Six wants to launch the fund in October, although no final date has been revealed. Seven Seven Six founding partner Katelin Holloway said:

“This is the best time to buy if you’re really long on the industry. It’s on sale. Everything is on sale.”

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In February, Seven Seven Six led Rainbow’s $18 million funding round. Prior to that, iHodl reported that Ohanian’s venture firm raised $500 million for two new funds to invest in crypto startups. So far, Seven Seven Six publicly backed Axie Infinity, Lolli, and CoinTracker.

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Источник: ru.ihodl.com

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