VanEck enters crypto VC space, seeks $30 million for first fund
Powered by @unfolded- VanEck has launched a new venture capital unit, VanEck Ventures, and is raising $30 million for its first fund, which will focus on early-stage startups in fintech, crypto, and artificial intelligence.
- The fund will be led by former Circle Ventures leaders Wyatt Lonergan and Juan Lopez, who aim to make between 25 and 35 investments with check sizes ranging from $500,000 to $1 million.
- VanEck has a history of involvement in the crypto space, having been the first asset manager to file for various crypto ETFs, and is now expanding its strategy to include a dedicated venture fund.
- The venture fund will particularly target tokenization and stablecoin platforms, capitalizing on the growing business-to-business cross-border payments market.
https://www.theblock.co/post/320213/vaneck-ventures-launch-first-fund