SBF through Alameda Research and FTX Ventures has invested in Sequoia Capital, Altimeter Capital Management, Multicoin Capital, Paradigm and other venture capital funds. More than $500 million in investments have been committed.
According to The Information, citing four people familiar with the matter, Alameda Research and FTX Ventures, a venture capital arm backed by SBF‘s private funds, have committed to invest $500 million in Sequoia Capital, Altimeter Capital Management, Multicoin Capital, Paradigm and other venture capital funds.
It is known that Alameda Research invested at least $20 million in Paradigm last year. Entities controlled by SBF have committed more than $200 million to Sequoia Capital-related funds and $300 million to K5, an investment firm that powers cryptocurrency payment platform MoonPay and trading platform Gemini Cryptocurrency Translator. A Sequoia spokesperson declined to comment.
As updated in a previous Coincu News article, Sequoia Capital said it has invested a total of $213.5 million in FTX and FTX US, and is changing the milestones of these investments to zero in fund.
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