Blossom Capital targets crypto tokens with new $432 million fund (via RyanJamesWeeks)
The cash will be directed to European startups seeking Series A capital across a range of sectors including consumer, cybersecurity, developer tools, enterprise software-as-a-service, fintech and marketplaces. But a full third of the capital will be invested in crypto-powered firms, according to the company’s announcement.
Blossom does not appear to have much of a track record backing crypto businesses — save for its investment in MoonPay, which it backed in November last year when the crypto payments firmBut Brown says Blossom’s $185 million-sized second fund has quietly been investing in tokens and even NFTs, without showcasing those bets in the way a standard equity investment would be.
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