German Family Office Lennertz Raises $165M for Third Crypto Fund German family office Lennertz is raising $165 million for a new crypto-focused fund, according to Fortune Crypto. Lennertz has been investing in the blockchain space since 2016 and has previously raised funds of $35 million in 2020 and $65 million in 2022. This is the third fund for Lennertz, which is currently in the process of raising capital. Rather than investing in crypto directly, Lennertz plans to invest in eight to ten leading venture capital firms. Lennertz's investment strategy is to focus on early-stage startups in the blockchain space. The firm believes that the blockchain has the potential to revolutionize a wide range of industries, including finance, supply chain management, and healthcare. Lennertz's new fund is a sign of the growing interest in crypto from traditional investors. As the crypto market matures, more and more investors are looking to gain exposure to this new asset class.