TechFlow reported that on September 5, Bloomberg reported that Daniel Howard, son of British hedge fund billionaire Alan Howard, and his partner Bhavin Vaid announced the establishment of the crypto venture capital fund Halo Capital. The fund has raised $25 million and aims to introduce growth investor thinking into early crypto projects.

Halo Capital is headquartered in New York and has a wide range of investments, covering a variety of fields from Bitcoin to decentralized artificial intelligence. The fund has invested in projects such as Bima Labs and Andrena, and has introduced about 20 partners to provide professional advice. Both founders have extensive experience in crypto investment and previously worked at 10T Holdings, a private equity firm focusing on cryptocurrencies. They began fundraising in March 2024 and officially launched the fund in June. At present, Halo Capital has invested in several projects, including Bima Labs and Andrena, but the specific investment amount has not yet been disclosed.