The Giant Company with More than 150 Cryptocurrency Investments Announced Its New Fund of 150 Million Dollars: Mentioned a Surprise Altcoin!
According to Fortune, venture capital company CMT Digital plans to raise $150 million in capital for its fourth fund, which will focus on long-term cryptocurrency investments.
CMT Digital had previously raised $25.5 million, $130 million and $100 million in its first three funds, respectively.
If the company manages to raise the $150 million it targets for its fourth fund, this fund will be the company’s largest fund.
Investment partner Sam Hallene told Fortune about CMT Digital’s fourth fund that the firm is thinking long-term, investing heavily in companies whose vision is promising within three to seven years.
Citing Helium (HNT) as an example, Hallene said:
“Right now the next wave of innovation is coming in the form of decentralized physical infrastructure.
An example of this is Helium, a decentralized wireless network on the Solana blockchain.
Helium explained that the new infrastructure area relates to “application-specific hardware, be it persistent file storage or internet provisioning.”
Hallene also noted that the company has increased interest in stablecoins, both in terms of global remittances and yield-generating tokens like Ethena’s USDe.
CMT Digital is a venture capital firm that has invested in more than 150 cryptocurrency and blockchain companies since 2018.
*This is not investment advice.