1kx Secures $75 Million for Crypto Ventures with High-Profile Backing

Leading figures in the venture capital industry, including Marc Andreessen, Galaxy Digital, and Accolade Partners, stand out as significant investors in the crypto venture capital firm 1kx's most recent fundraising endeavor. In this latest funding round, 1kx successfully secured $75 million, with notable contributions from Chris Dixon of Andreessen Horowitz among its limited partners, Lasse Clausen, a co-founder of 1kx, revealed in a discussion with #Bloomberg on March 28.

Accolade Partners, a private equity firm, has been identified as the cornerstone investor for this new fund, Clausen disclosed. Focused on financing crypto-centric consumer applications, the new fund has initiated approximately five investments, although the specific recipients remain undisclosed, according to Clausen. Established in 2018 by Clausen and Christopher Heymann, 1kx has announced this fund at a time when institutional interest in cryptocurrency is on the rise, further encouraged by the U.S. authorization of spot #Bitcoin exchange-traded funds (ETFs).
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