A venture capital firm owned by Hong Kong billionaire Adrian Chen has announced that it has raised funds.
According to Bloomberg sources, in addition to $200 million for the cryptocurrency fund, C Ventures is raising another $300 million. The funds will be used for direct investments and lending over the next 18 months. The company emphasizes that the current prices in the cryptocurrency market are extremely attractive for investments.
“When people try to protect their investments, we increase them. Historically, it was investing in times of market decline that gave the best results,” explained Ben Cheng, co-founder and CEO of C Ventures.
C Ventures was founded in 2017 and has since invested close to $1 billion in companies, digital assets and loan offerings. The Hong Kong venture capital firm has invested in crypto projects such as Animoca Brands, Matrixport and RTFKT Studios. In 2021, investments in crypto-currency firms have brought a double return, and since the beginning of 2022, the profit has already amounted to 40%.
Earlier, the European company Digital Transformation Capital Partners announced the launch of its third investment fund for $300 million.
Source: Bits
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