Cryptocurrency focused investment company North Island Ventures has started working on a new investment fund worth 125 million dollars.
North Island Ventures Launches $125M Mutual Fund
The company said in a statement recently that it wants to invest in emerging crypto and Web3 companies.
The company said initial investments will range from $250,000 to $3 million.
Travis Scher, co-founder of North Island Ventures, said: bitcoin and we founded it with the belief that crypto money is a great technology.”
The industry has made tremendous progress since then.
However, the company thinks that the true potential of cryptocurrency technology has not yet been realized.
Scher said, “We are entering a multi-layered world, where both users and developers are working on crypto for an invisible, interoperable network where they don’t have to think about blockchain.
North Island manages approximately $300 million in total assets.
North Island Ventures has so far invested in companies like blockchain protocol Axelar and BCB Group.
North Island launched a $72 million crypto fund last year with investors including billionaire Paul Tudor Jones, sound artist and producer LL Cool J, and SoFi CEO Anthony Noto.
“NIV Fund II encourages us to partner with extraordinary entrepreneurs who aim to build extraordinary businesses,” said James Hutchins, co-founder and director.
He stated that they will always support entrepreneurs at the beginning stage.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!