VanEck Launches $30M Early-Stage Fund For Digital Assets, AI Startups
Portfolio Pulse from Ivan Crnogatić
VanEck has launched a $30 million early-stage fund, VanEck Ventures, targeting fintech, digital assets, and AI startups. The fund will focus on pre-seed and seed-stage companies, leveraging VanEck's history of recognizing transformative opportunities. Led by experienced investors Wyatt Lonergan and Juan Lopez, the fund aims to invest in category-defining founders using emerging technologies like blockchain and AI.
October 09, 2024 | 2:04 pm
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VanEck Ventures, led by former Circle Ventures heads, is focusing on investments in digital assets and AI, which could indirectly benefit USDC as stablecoins are a key investment theme.
The fund's focus on stablecoins as an open-source banking layer suggests potential increased adoption and utility for USDC, indirectly benefiting its ecosystem.
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