Odaily Planet Daily News đ German investment institution Lennertz & Co. is raising $165 million for its third crypto fund! This multi-family office, founded in 2015, began betting on the blockchain field as early as 2016. Lennertz's fund investment director Oksana Tiedt said that the fund has completed the first round, but the specific figure has not been disclosed.
As a fund of funds, Lennertz does not invest directly in companies or tokens, but invests in other well-known crypto venture capital institutions such as Multicoin, Polychain and Hack VC. The third fund plans to invest in 8 to 10 venture capital funds focusing on blockchain, most of which are in the United States.
The future of Bitcoin is still bright, and we look forward to more excitement! đ