Key Takeaways
- • Daniel Howard, son of British hedge-fund billionaire Alan Howard, and colleague Bhavin Vaid have raised $25 million for a new digital-asset venture capital fund called Halo Capital, according to Bloomberg Law.
- • Halo Capital is based in New York and was officially announced the week of September 5, 2024.
- • Howard, 27, and Vaid were most recently at crypto-focused private equity firm 10T Holdings.
- • The founders say they aim to bring a growth-investor mindset to early-stage crypto projects, differentiating from venture investors that concentrate on a single ecosystem.
Summary
Daniel Howard and Bhavin Vaid have raised $25 million for a new venture capital fund focused on the digital-asset sector, according to Bloomberg Law. The firm, Halo Capital, is based in New York and was officially announced in the week of September 5, 2024. Daniel Howard, 27, is the son of Alan Howard, the British hedge-fund billionaire, whose family has a public interest in crypto.
Both founders were most recently at crypto-focused private equity firm 10T Holdings. In an interview with Bloomberg Law, the pair said they want to bring the mindset of growth investors to early-stage projects. This approach differs from many crypto venture investors, which concentrate on a specific ecosystem. The available coverage does not provide further detail on the fund's target allocations, strategy specifics, or limited partner base.
Both founders were most recently at crypto-focused private equity firm 10T Holdings. In an interview with Bloomberg Law, the pair said they want to bring the mindset of growth investors to early-stage projects. This approach differs from many crypto venture investors, which concentrate on a specific ecosystem. The available coverage does not provide further detail on the fund's target allocations, strategy specifics, or limited partner base.
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