According to Odaily Planet Daily, according to documents submitted to the U.S. Securities and Exchange Commission last month, Accolade raised more than $135 million through two blockchain tools. The company currently refuses to comment on the matter, suggesting that it may continue to market and raise funds for these funds, which are expected to become one of the largest funds raised in the industry this year.
According to Accolade’s filing, the new money is being split into two funds, one called “Blockchain III Venture” and the other called “Blockchain III Seed.” But it’s unclear whether the firm will stray from its previous strategy of investing in the industry’s largest managers.