The largest London investment fund will invest a third of the capital in the crypto industry
In addition, Blossom Capital announced the purchase of tokens and NFT
Blossom Capital, a London-based venture fund, raised 432 million dollars to invest in European cryptocurrency-related techno-startups. This was reported by Bloomberg journalists.
201080One third of the funds – exclusively to the crypto sector
According to the report, 169 million dollars is a third of the venture capital of Blossom Capital. The remaining two-thirds will go to support techno sectors, financial companies, etc.
The fund noted that their investments are not just directed to cryptocurrency. They want to support the technologies themselves and young companies that work in the field of blockchain.
“We will not just invest in crypto assets. Blossom Capital will buy shares in companies in the Series A funding round. These will be startups that develop crypto infrastructure, ”said Ophelia Brown, head of the fund.
The first investment is in Moonpay201080
Blossom Capital already has experience in investing in the cryptosphere. They invested in the Moonpay project, which is developing a payment infrastructure. In November, Moonpay collected 394 million dollars of investment, and the entire project valued at $3.4 billion.
201080Purchase of tokens and NFTs201080
Ophelia Brown added that one of Blossom Capital’s funds invested in tokens and NFTs, but did so anonymously. The company is investing time and resources in developing infrastructure that will help them invest in web3 in the future.