Million Dollars of Cryptocurrency Investment from the Giant Company: Here’s the Full Number!

giant investment company Two Sigma Ventures announced that it plans to invest $400 million in two new venture capital funds. The company’s cryptocurrency investments are expected.

Two Sigma Ventures Raised $400 Million For Two Funds And Plans To Invest In Cryptocurrency With This Fund

Cryptocurrency and approximately 15% of the company’s capital Web3 invests in projects.

The Two Sigma Ventures fund will invest in a number of sectors, including enterprise software, fintech and consumer technology.

Dan Abelon, one of the company’s partners, said in an interview that the company does not have a private crypto fund, but will dedicate about 15% of its capital to crypto and Web3 projects.

Venture capital investments in the first half of 2022 are down 26% from last year as the conflict in Ukraine, the collapse of Terra’s UST stablecoin and the bankruptcy of Celsius Network led to a bear market.

Two Sigma Ventures manages nearly $60 billion in assets.

Dan Abelon, partner in the company, noted that Two Sigma funds generally cut checks of about $8 million to $12 million for Series A, but specifically for cryptocurrencies and cryptocurrencies. bitcoin He said that they provide flexibility in these amounts for their investments.

Mentioning that it was very difficult to be an entrepreneur in this period, Abelon said that it was difficult to raise money in some areas and continued as follows:

“From a long-term perspective, it’s a great time to be an entrepreneur and a great time to be an investor. We feel that we continue to be at the pinnacle of digitization of society and solving many big problems with software and data.”

*Not investment advice.