Sequoia Capital, a large venture capital company, announced the imminent launch of an investment fund ranging from $500 million to $600 million, the funds of which will be invested in liquid tokens and digital assets.
According to an article on the company’s blog, the new fund will complement Sequoia Capital’s other investments in the cryptocurrency industry. It is also the first sub-fund launched under the Sequoia Capital Fund with an open liquid portfolio. Article authors Michelle Bailhe, Shaun Maguire and Alfred Lin noted:
“This fund will allow us to participate more and more actively in DeFi protocols, better support token launch projects. We will continue to work closely with the crypto community, including supporting open research. We will continue to support cryptocurrency teams at any stage of their project development.”
Sequoia Capital began its first investments in the cryptocurrency industry back in 2015. And in 2021, 20% of the funds invested in US and European companies were directed to firms working in the field of blockchain and cryptocurrencies. Last fall, the company announced a massive restructuring of its core fund to increase investment opportunities in cryptocurrencies.
Source: Bits
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