Goldman Sachs alum Mike Novogratz is preparing to invest $100 million into crypto-based projects through his crypto-venture firm.
Co-founded in 2018 by Mike Novogratz and business partner Christian Angermayer, Malta-based Cryptology Asset Group is a leading investment company for blockchain and crypto-related businesses in Europe.
In a report released on Thursday, the company announced that it’s ready to support crypto venture funds and businesses globally by focusing on investments in first-time funds, emerging managers, seed rounds and GP stakes.
Holding 85% of his multi-billion-dollar fortune in crypto, Mike Novogratz is a firebrand in the space. As a former executive at Goldman Sachs, Novogratz founded his wealth management firm Galaxy Digital in 2018. It currently manages over $1.5 billion.
His continued efforts to support the cryptocurrency space with Cryptology are in line with a rapid shift toward digital assets, according to Cryptology CEO Patrick Lowry. Over the past three years, Cryptology increased its total capital from $33 million to over $540 million, as of June 1, 2021.
Novogratz spent the past six years trying to onboard investors into crypto. In a recent interview, he expressed the importance of providing easy avenues for investors to get involved.
“This is more than just a financial game. This is a revolution. And so I think the more people we can bring in the tent, the better. There are lots of investors whose first exposure to our space is going to be through public equities. That’s what they’re used to. That’s what they’re comfortable with.”
According to Angermeyer,
“We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class. Our fund investment strategy will focus on emerging talent, taking a global approach, and will encompass both funds investing in equity stakes of crypto and blockchain-related companies as well as funds investing in crypto assets and tokens.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc
The post Goldman Sachs Alum to Inject $100 Million Into Crypto appeared first on The Daily Hodl.
