Blossom Capital's Newly Launched $432 Million Fund to Focus on Crypto Startups – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Blossom announced a new fund worth $432 million, and a third of the capital will be distributed to early-stage crypto firms.

announced

the creation of a new venture fund worth $432 million and according to the company, a third of the funds will be dedicated to digital currency startups. Blossom is a venture capital firm that was launched in 2017 and it invests in European companies leveraging Series A financing. The newly created $432 million fund will also be distributed to early-stage startups seeking Series A capital.

Blossom has previously backed firms like checkout.com, the digital currency firm Moonpay, and the online travel platform Duffel. The companyto Moonpay’s $555 million funding round in November 2021 with the round’s lead, Tiger Global Management, and other strategic investors. Managing partner Ophelia Brown explained during the announcement on Tuesday that she secured the funds from well-known U.S. universities and endowments.

“They share our conviction that early-stage capital can have an outsized impact on the trajectory of a company,” Brown said in a statement. “With this new fund, we are continuing with our high-conviction strategy of providing foundational capital to entrepreneurs.”Blossom’s new fund announcement — that explains a third of the fund will go to early-stage crypto firms — follows a large number of venture capital funds, which have been initiated to bolster crypto, blockchain, and Web3 adoption.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With the dexioprotocol hunter app, you'll earn rewards while walking around. It will switch to its own network and will mark 2022 with its augmented reality technology. dexi dxg gems altcoin gamefi dexioprotocol

The fomo will be strong once the market recovers 👀👀👀 $vemp

nftbstoken is a real project with real use case for a noble cause. It Aims to provide cheaper books to poor countries at cheapest prices. NFTBOOKS WeAreRealBookers BookSwarmArmy $NFTBS

It real SHIB_GlFT🇺🇸 I Got 900 million SHIB after sending 90. Thank you very much!

$CISLA 🏝️ Months of hard work and dedication will finnally pay off! We are making history! Big shout out to our wonderful community, it wouldn't be possible without you! This is only the beginning! Stay tuned! CryptoislandDAO Bitcoin BNB Ethereum NFTs

I see Bitcoin as ultimately bcoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. So i advise you buy & trade for the future,i personally trade with signals from Bernie_doran01 & I've accumulated over 3BTC

Have you heard of NyxToken ?

A great leader would cancel the central bank and tell all the citizens and corporations to stack as much Bitcoin It would be the strongest nation on earth All. Thanks to Bernie_doran01 for making my bitcoin dream come through! I have added massively to my holdings Follow him

Bitcoin is engineered money and a savings technology for the Digital Age designed as a solution to inflation, I see Bitcoin breaking out soon.. You guys should Follow edmo360 he knows his stuff when it comes to BTC and other Cryptos, his tweet have been helpful over the years

Focus on terra_money

Is it possible for you to review BPriva? web3 Project we are building a new privacy world and the wallet will be released on February 14th. I guess it hasn't been priced yet and only has 2m in supply. web3 btc bnb newlistings defi PrivappNetwork

Four Weeks Announcement, Secret to the Moon.🌝🌕💰 New BTC is winning Secret Way run it's Cheap.$11.24

$ddx

DO YOU WANT BabyDoge EAT ZERO'S THIS MONTH!! AND LIST ON binance 🚀 YES YES YES ⬇️ ⬇️ ⬇️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines