Multicoin

Castle

Switzerland-based investment advisor <a target="_blank" href="https://tokeninsight.com/en/capitals/l1-digital" rel="noopener noreferrer nofollow">L1 Digital </a>has raised $152 million for its second crypto VC fund, CoinDesk reports. 70% of the funds will be directly invested into crypto startups, and the other 30% into early-stage crypto-focused investment firms. 
L1 Digital has $400 million in assets under management. Crypto investment firms backed by L1 Digital include <a target="_blank" href="https://tokeninsight.com/en/capitals/multicoin-capital" rel="noopener noreferrer nofollow">Multicoin Capital</a>, <a target="_blank" href="https://tokeninsight.com/en/capitals/defiance-capital" rel="noopener noreferrer nofollow">DeFiance Capital</a>, Castle Island Ventures and <a target="_blank" href="https://tokeninsight.com/en/capitals/1kx" rel="noopener noreferrer nofollow">1kx</a>. The second fund has already deployed about one-third of its capital. Investments have included institutional credit ecosystem Centrifuge, blockchain developer platform Chroma, crypto custodian Safe, DEX aggregator Li.Fi and treasury management startup Squads. 
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Investment Advisor L1 Digital Raised $152M for Its Second Crypto VC Fund

TokenInsight

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