Key Takeaways
- • 1kx raised $75 million for its latest crypto venture fund, according to founding partner Lasse Clausen, as digital asset funding shows tentative signs of recovery after a two-year slump.
- • Marc Andreessen, Galaxy Digital and Accolade Partners are among the investors, with Accolade serving as anchor investor in the new vehicle.
- • Chris Dixon, a partner at Andreessen Horowitz, is also among the limited partners in the fund.
Summary
Crypto-focused venture capital firm 1kx has raised $75 million for its latest fund, according to founding partner Lasse Clausen, who spoke to Bloomberg in an interview. The raise points to tentative renewed investor appetite for digital asset ventures after a roughly two-year downturn in crypto funding.
Venture capitalist Marc Andreessen, Accolade Partners and Galaxy Digital are among the investors backing the fund. Accolade is the anchor investor in the vehicle, per Clausen. Chris Dixon, a partner at Andreessen Horowitz, is also among the limited partners.
The participation of established venture and digital asset investors suggests continued institutional interest in crypto-native early-stage investing, even as overall sector funding has been subdued. Bloomberg's report provides no further detail on the fund's target strategy, portfolio or terms.
Venture capitalist Marc Andreessen, Accolade Partners and Galaxy Digital are among the investors backing the fund. Accolade is the anchor investor in the vehicle, per Clausen. Chris Dixon, a partner at Andreessen Horowitz, is also among the limited partners.
The participation of established venture and digital asset investors suggests continued institutional interest in crypto-native early-stage investing, even as overall sector funding has been subdued. Bloomberg's report provides no further detail on the fund's target strategy, portfolio or terms.
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