Considered one of the world’s most famous investors and venture capitalists by Dan Tapiero Its fund called 10T has announced that it will launch a third digital asset fund.
New Fund from Tapiero!
Tapiero recently closed its second fund, and the opening of such a new fund right after that definitely demonstrates the confidence it has placed in the cryptocurrency sector.
The company emphasized that with the new fund, it will use $ 500 million for investment and announced that the name of the fund will be 10T DAE Fund 3.0. According to the statement given to the US Securities and Exchange Commission, the target of 10T’s third fund will be middle or high-end digital asset companies. This shows that there will be no investment in new crypto money companies and that the sector will focus on the old ones. In his statement on the subject, Tapiero emphasized that companies must have already earned a significant income and that they do not invest in startup companies.
Explaining the reason behind the third fund’s decision to invest in more mature crypto money companies, Tapiero stated that this is actually to deepen the crypto money ecosystem even more.
10T has more than $770 million in funds under its management, and Tapiero stressed that more than 90% of the first two funds are already invested. 10T recently received a funding of $750 million and made a big splash. Now, it is wondered which companies this fund will invest in.