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SBF Invested Over $500M In Venture Capital Funds Like Sequoia Capital And Paradigm
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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
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News
SBF Invested Over $500M In Venture Capital Funds Like Sequoia Capital And Paradigm
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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
