US investment firm CoinFund has unveiled its plans to sell unregistered securities worth a total of $ 250 million. It has secured funds for new investments in cryptocurrency startups, according to three documents the company made with the Securities and Exchange Commission (SEC) of the country.
The New York-based company, which has a second headquarters in Miami, will use three entities to raise the funds, namely CoinFund Seed IV Onshore LP, CoinFund Seed IV LP And CoinFund Seed IV Offshore LP, raising $ 100 million, $ 130 million, and $ 20 million, respectively, according to data submitted to the US financial markets regulator. The documents were filed on October 31st.
Created in 2015, CoinFund claims to be a cryptocurrency investment firm and registered investment advisor. His team specializes in portfolio management, cryptocurrency design, decentralized networks, research, trading, market structure, engineering, branding, law and regulation.
“In the seed, risk and liquidity phases, CoinFund collaborates with the best leaders to build the web3”, noticed the American company on its website.
The latest development in this case comes about six weeks later The New York-based investment firm announced it has launched a web-based venture3 with a total value of $ 300 million and which was “backed by several major institutional investors, family offices and cryptocurrency founders”.
“The launch of this entity, Ventures I, demonstrates CoinFund’s belief that web3 is a huge and important architectural transition impacting the future of the internet.financial services and intellectual property, and their belief that the evolution of web3 will continue to advance through all market cycles, “the company said, adding that CoinFund” remains optimistic in the face of difficult market conditions and has continued to demonstrate his unwavering commitment to the companies that define web3. “
The investment company said so several companies in its current early-stage CoinFund portfolio were preparing to raise Series A fundsand intended to maintain the support and partnership of CoinFund’s cryptocurrency investment team.
“In addition to investing in portfolio companies, Ventures I will look to partner with new, young and ambitious teams,” said the company.
CoinFund’s portfolio includes holdings in cryptocurrency-oriented companies as the blockchain infrastructure platform block daemonthe specialist in digital collectibles dapperthe non-fungible token market (NFT). rare and network protocol A poisamong others.
“The launch of Ventures I demonstrates CoinFund’s positive vision on the opportunity to create value by building and investing in cryptographic infrastructures as web3 adoption takes place. The company is proud to continue to support and grow what it believes to be the most promising projects and talents in very difficult market conditions.“, Reads the press release.
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