BlockTower Launches Fund $150 Million
The crypto asset management firm BlockTower launches a new VC, worth of $150 million for startups around DeFi, consumer crypto and platforms for crypto infrastructure.
BlockTower has executives with large experience around finance and markets, giving more trust in the venture’s success.
The ticket for every investment round ranges between $500,000 and $6 million, with BlockTower to be the leader in those rounds.
The reason that the fund is launched now is that the valuations has dropped dramatically and it is an excellent period for startup investments.
In the next period, we will see if the low valuation period will continue or the crypto and the VC market will surge and enter a new phase….