Hong Kong billionaire Adrian Chengplans to raise $200 million in crypto funds with its venture capital firm.
Venture capital firms (VC) continue to raise new funds despite the low crypto market conditions. Reports showing the launch of 20 VC funds in August also support the increase in investments. venture capital firm C Venturesaims to raise crypto funds in order to set sail for new investments.
C Ventures’ Goal is to Raise $300 Million in Funding in the Next Year
Hong Kong billionaire Adrian ChengC Ventures, a venture capital firm founded by C.V., is reportedly planning to raise a new $200 million fund to invest in the crypto space.
The company, which plans to raise $200 million in new funding, aims to raise approximately $300 million to invest in private equity and private loan strategies in the next 18 months, according to the news in .
Among current crypto investments Animoca Brands, RTFKT Studiosand Matrixport C Ventures has invested more than $1 billion since its founding in 2017. According to Beng Cheng, the firm’s co-founder and CEO, the firm’s value increased 40 percent in the first half of this year after the investments.
Ben Chengalso, regarding the investment plan, he said:
“When people are on the defensive, we are on the offensive. Such an environment will historically work best. I foresee a comeback after 6 to 9 months.”
