Stronghold Capital starts with a 100 million dollar fund for web3, blockchain and fintech
Stronghold Capital starts with a 100 million dollar fund for web3, blockchain and fintech
- The fund is specifically invested in founders from underrepresented groups such as women, black and indigenous population groups
- The SHX token from Stronghold died by about 42 % to 0.00392 cents on Wednesday at 11:08 a.m.
Stronghold, a payment and financial infrastructure company, has launched Stronghold Capital to provide 100 million dollar funds to expand in startups in the early phase into web3, blockchain and fintech ecosystems.
The fund will concentrate on investments in "overlooked" companies and fund managers, said the company in A
"The identification and investment in aspiring talents-in particular underrepresented and undervalued founders-will benefit the developer community, the fintech industry and even society as a whole," said Camp in an explanation. The SHX token from Stronghold fell by about 42 % to 0.00392 cents on Wednesday at 11:08 a.m. SHX has a market capitalization of $ 22.95 million, coinmarketcap Data
A handful of funds has been announced in the past few weeks, since companies continue to bundle money into the crypto ecosystem. The funds on the last week include Hartmann Capital for $ 30 million, which of Infinity Ventures Crypto for $ 70 million and that of XYO for $ 20 million with partner Outliers Fund. While you focus on different sub -sectors within the crypto world, all funds have the goal of further investing in the area, which indicates long -term growth in the industry. "These new ecosystems have to be built up sustainably to exist, and they have to be built up decentrally to achieve matter," Felix Hartmann, managing partner at Hartmann Capital, previously told block works. "A venture approach helps us to ensure this." . . The contribution Stronghold Capital starts with $ 100 million funds for web3, blockchain and fintech is not a financial advice.