[Kraken Ventures' second fund is expected to be launched in the second half of 2024] Golden Finance reported that the funding and valuation of cryptocurrencies and Web3 startups may have experienced a sharp decline in the past 18 months, but Brandon Gath, managing director of Kraken Ventures, an enterprise cryptocurrency and blockchain venture capital firm, said that the market has actually recovered now. About 80% of Kraken Ventures' portfolio is equity and the remaining 20% is tokens. It has been reported that the venture capital will raise $100 million for the second fund. Although Brandon Gath was reluctant to disclose the specific amount, he confirmed that he has been working on the second fund for several months and will officially launch sometime in the second half of this year. At the same time, the limited partner composition will be roughly the same as its predecessor, including large asset management companies, family offices, other venture capital funds and trading companies, as well as several founders from the Web3 ecosystem.
