Vaneck Launches $30 Million Fund to Boost Fintech, Crypto, and AI Startups
Vaneck, a global investment management firm, has just announced the launch of a $30 million early-stage venture capital fund targeting fintech, digital asset, and artificial intelligence (AI) startups.
Vaneck's $30M Fund to Invest in Fintech, Digital Assets and AI
Dubbed Vaneck Ventures, the fund will support pre-seed and seed-stage companies, continuing the firm’s strategy of investing in transformative markets. The fund aims to invest in 25 to 35 startups, with check sizes ranging from $500,000 to $1 million, according to the firm. Vaneck’s focus is on supporting companies developing disruptive technologies such as blockchain and tokenized assets.
Led by industry veterans Wyatt Lonergan and Juan Lopez, both of whom previously worked at Circle Ventures, the announcement states that the fund is well-positioned to leverage their extensive experience in fintech and cryptocurrency projects. Vaneck Ventures has completed four investments, with details yet to be released.
The asset manager noted that Vaneck’s expansion into venture capital builds on the firm’s long history of identifying transformative investment opportunities, such as its early involvement in the gold and bitcoin (BTC) markets. The firm sees the convergence of AI, fintech, and cryptocurrencies as critical to the next generation of financial innovation, with areas such as tokenized capital markets and stablecoins offering significant growth potential.
What do you think about Vaneck’s fund? Please share your thoughts and opinions on this topic in the comments section below.
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