Kraken Alumni, Kraken Ventures today announced that it has closed a $65 million early-stage fund to invest in firms operating in the global crypto and financial technology (Fintech) ecosystem.
Kraken has once again come through for the team by acting as an anchor investor in this latest funding round. In addition, it was financed by a broad range of foreign institutional investors.
Kraken Ventures is a New York-based venture capital firm that’s looking to boost innovation in the crypto ecosystem. They’ll do this by supporting emerging companies with their money and expertise, so they can grow together into better times ahead!
The fund’s purposes include financial infrastructure, Web3, decentralized finance (Defi), consumer crypto protocols, as well as enabling technologies such as artificial intelligence and machine learning. Kraken Ventures has a long list of investments that it’s made in the crypto space including companies like Anchorage and Messari.
The Managing Partner of Kraken Ventures, Brandon Gath, had this to say, “We’re extremely pleased to have successfully closed our first fund. Our long-term view on investing, and the possibility to leverage Kraken’s experience in building a truly global, scalable platform, definitely contributed to the overwhelming interest we received from investors. Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols.”
Kraken Ventures is an investment company headquartered in Texas with London and New York City offices. The fund makes early investments in the range of $500,000 and $2 million. According to the firm, its investment approach is based on a long-term perspective.
Laurens De Poorter Appointment
In a move that will expand Kraken’s reach across Europe, the company has appointed Laurens De Poorter as Head of their Dutch office. With this appointment, homogeneity in place forays into new markets are more possible than ever before! He will be running things for their investors and brokers in that region, making sure they get a return on what was invested into them by handling various tasks like marketing or sales across different markets with success!
The newly appointed Head of Europe will be based in London and has been given the task to increase business across all areas. He knows how important it is for him to succeed, so he’s working hard every day towards making this happen.
Laurens De Poorter says, “The European crypto scene is booming. Deal count doubled in the last two years and continues to accelerate.”
