According to Odaily Planet Daily, Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC) to establish an investment fund of $25 million. According to informed sources, Metalayer's co-founders are three senior individuals from Two Sigma Ventures. It is reported that Metalayer completed its initial fundraising last Friday, with a committed capital of $20 million, and plans to complete the full fundraising by the end of the year.
According to sources, Metalayer's initial funding comes from some executives at Two Sigma Ventures, but there will be no formal relationship between the two companies. Two Sigma is known for its hedge fund, managing approximately $60 billion in assets. Metalayer has also raised funds from other supporters, including family offices and other executives from crypto protocols.
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Metalayer plans to establish a $25 million crypto venture capital fund
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