Former CoinShares Chief Strategy Officer plans to raise $75 million for two new venture capital funds.
Powered by ChatGPTDeep Tide TechFlow news, according to the U.S. Securities and Exchange Commission (SEC) filings, former CoinShares Chief Strategy Officer Meltem Demirors is planning to raise 75 million dollars for two new venture capital funds. These two funds are named Crucible Capital Fund I and Crucible Capital Fund 1-A, with target fundraising amounts of 45 million dollars and 30 million dollars, respectively. Demirors is listed as a managing member of the general partners of the two funds.
It is worth noting that, according to The Block Research data, the total amount of venture capital transactions in the crypto field in the second quarter of 2024 exceeded 3.20 billion dollars, an 8% increase from the previous quarter. Despite an increase in the number of early-stage project transactions, the total investment amount decreased from 1 billion dollars in the first quarter to 828.00 million dollars in the second quarter.