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17.02 - 20:31
Alexis Ohanian’s 776 Management makes $500m push into cryptos
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fnlondon.comAlexis Ohanian’s venture firm 776 Management has raised $500m across two new funds with a plan to invest primarily in crypto startups.
“It will be the majority of the portfolio by the end of this year,” Ohanian said about the firm’s investments in the crypto sector. Such companies account for about 40% of the firm’s deals to date, including video gaming startup Axie Infinity, bitcoin rewards startup Lolli, and crypto tax company CoinTracker. The firm has made more than three dozen investments in total.
Ohanian...
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