TrueBridge Capital Launches Blockchain Fund to Raise $125M
It is reported that according to the outflow documents of the Securities and Exchange Commission of the United States, TrueBridge Capital, an investment compan…
It is reported that according to the outflow documents of the Securities and Exchange Commission of the United States, TrueBridge Capital, an investment company led by senior investors Mel Williams and Edwin Poston, has launched a new blockchain fund “TrueBridge Blockchain I”, and is currently seeking a total of 125 million dollars for the fund. Up to now, 39 investors have signed investment commitments and will invest 55.3 million dollars.
TrueBridge plans to raise $125 million for the newly launched blockchain fund
Analysis based on this information:
Investment company TrueBridge Capital, led by experienced investors Mel Williams and Edwin Poston, has reportedly launched a blockchain fund called “TrueBridge Blockchain I”. According to outflow documents from the Securities and Exchange Commission of the United States, the fund is seeking to raise a total of $125 million. As of now, 39 investors have already committed to investing $55.3 million in the fund.
This news indicates a rising interest in blockchain technology among investors, as the popularity of cryptocurrencies like Bitcoin continues to grow. Blockchain, the technology behind Bitcoin, is being explored for its potential use in a wide range of industries, including finance, healthcare, and supply chain management. It’s no surprise that investment firms like TrueBridge Capital are looking to capitalize on this trend.
TrueBridge Capital has a reputation for identifying promising opportunities for investment. Founded in 2007, the firm has a track record of supporting early-stage companies that go on to become major players in their industries. By launching a blockchain fund, TrueBridge Capital is signaling that it sees significant potential in blockchain technology and wants to be a part of its development.
The fact that 39 investors have already committed to the fund is another sign of the growing interest in blockchain among investors. These investors are likely betting that blockchain will prove to be a lucrative investment opportunity, given its potential for disrupting traditional industries and creating new ones.
The launch of the TrueBridge Blockchain I fund comes at a time when many companies are exploring ways to use blockchain technology in their businesses. As more use cases for blockchain emerge, we can expect to see more investment firms like TrueBridge Capital launching blockchain-focused funds. This could, in turn, drive further innovation and adoption of blockchain technology across industries.
In conclusion, TrueBridge Capital’s launch of its blockchain fund signals a rising interest in the technology among investors. With 39 investors already committing to the fund, it’s clear that there is significant demand for blockchain-focused investment opportunities. As the blockchain industry continues to evolve, we can expect to see more investment firms launching similar funds in the near future.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/07/truebridge-capital-launches-blockchain-fund-to-raise-125m/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Circle Restores USDC Liquidity After Signature Bank and Silvergate Bank Collapse
as report goes, Circle, the stable currency issuer of USDC, stated in a blog post: \”Since the collapse of Signature Bank and Silvergate Bank, our team has been
-
Blackstone and Apollo Looking to Acquire Silicon Valley Bank’s Assets
It is reported that Blackstone (BX) and Apollo (APO), alternative asset management companies, are considering acquiring the assets of Silicon Valley Bank (SVB),
-
CEO of Silicon Valley Bank sold $3.57 million of SIVB shares in two weeks
According to reports, data shows that the CEO of Silicon Valley Bank has sold $3.57 million of SIVB shares in the past two weeks.
The CEO of Silicon Valley Bank -
The Failed Proposal of Neutrino Governance
On February 27, the governance page showed that the proposal of Neutrino to \”suspend or terminate the current governance before the release of the road map\” wa…
-
An Attack on Euler Finance: Insights into the Recent Proton Email Controversy
It is reported that an Euler Finance attacker commented on his Proton email contact address in a recent transaction sent to the Euler team.
Euler attackers send -
Artificial Intelligence in Image Generation: A Closer Look at Adobe’s Firefly Model
On March 22nd, Adobe released an artificial intelligence model for image generation called \”Firefly\”. Currently, it focuses on image generation and text effects
-
Scam Sniffer Warns Users of SushiSwap Contract Vulnerability
On April 9, it was reported that Scam Sniffer, an anti phishing solution, reminded that more than 1200 addresses had not revoked the SushiSwap contract vulnerab
-
Animoca Brands Lowers its Target for the Meta Universe Fund by 20%
According to reports, two people familiar with the matter said that Animoca Brands, a Web3 game developer and investment company, had lowered its goal for the M
-
Sigma Conducts Cross-Chain Interoperability Test
It is reported that the cross-chain interoperability project Sigma announced the test of the online line. The Sigma test network will support ERC20, ERC721 and…
-
Beware of Fake Blur Airdrops: Twitter Scammers Target CoinBase, JustinSun, and Yuga Labs
It is reported that Paidun tweeted that the fraudsters disguised as the official Twitter account of Blur deployed fake Blur and airdrop to Coinbase, Justinsun …