Momentum Capital Gains $10M Investment to Hunt for Crypto's Next 'Apple'

San Francisco-based crypto-native fund Momentum Capital has secured an investment of $10 million from Canada's BM Fund.

In a Monday press release, the company revealed that it acquired the new funding in July this year.

The investment will be used to expand Momentum Capital's team and support early-stage Web3 projects, as the fund seeks to uncover the next groundbreaking company in the crypto industry, often referred to as the "Apple" of cryptocurrencies.

BM Fund founder, Carmen, explained that their decision to invest in Momentum Capital during bear markets is attributed to the fund's proficiency and performance.

“Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency," he said.

Looking forward, Momentum Capital has emphasized its readiness to focus on Web3 opportunities as they enter the next stage of the crypto market cycle.

The firm said it is dedicated to investing in and nurturing Web3 projects that possess intrinsic value.

"Momentum Capital remains devoted to investing in and nurturing web3 projects of intrinsic value," Momentum Capital Managing Partner Gary said.

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