VanEck Ventures Launches $30 Million Fund
Investment powerhouse VanEck has unveiled a substantial $30 million venture capital fund aimed at fostering innovation in the realms of cryptocurrency, artificial intelligence, and financial technology.
Investment Focus and Strategy
- The fund will specifically target early-stage startups.
- VanEck plans to invest in approximately 25-35 companies with promising potential for growth.
Initiated on October 9, this new fund, known as VanEck Ventures, is designed for founders situated at the intersection of digital assets, AI, and fintech.
Leadership Behind VanEck Ventures
Leading this initiative are Wyatt Lonergan and Juan Lopez, both of whom are now general partners at VanEck Ventures. They previously managed Circle’s $50 million early-stage investment fund, which notably invested in the layer-1 blockchain Sei in November 2023. The two will benefit from the expertise and support of VanEck’s global team and leadership as they guide this new venture.
Meet Wyatt, General Partner at VanEck Ventures https://t.co/RmsMaGyD4y
— VanEck (@vaneck_us) October 9, 2024
CEO Insights on the New Fund
Jan van Eck, CEO of VanEck, shared his perspective on the significance of VanEck Ventures for both the company and the wider industry: “Since pioneering gold investing in 1968 and recognizing Bitcoin’s disruptive potential in 2017, embracing transformative opportunities has been key to our investment philosophy. This fund extends that vision into the early-stage venture capital arena.”
Investment Goals and Future Plans
VanEck Ventures aims to allocate investments across diverse segments, including:
- Tokenized assets
- Stablecoin payment solutions
- Web3 financial marketplaces
The firm plans to invest between $500,000 and $1 million per startup, concentrating on those that provide substantial strategic and financial benefits. VanEck Ventures has already commenced investments in four companies, though details remain undisclosed.
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