Kraken Ventures Raises $65 Million From Investors

Fazzaco learned that Kraken Ventures, an independent investment fund targeting early stage companies and protocols across the crypto and fintech ecosystem, has secured $65 million from a wide range of international institutional investors.

The fund focuses on areas including financial infrastructure, Web3, decentralized finance (Defi), consumer crypto protocols as well as enabling technologies, such as AI and Machine Learning. According to Kraken Ventures, it has made several investments in some of the leading crypto companies including Anchorage and Messari.

Based in Texas, Kraken Ventures has team members in London and New York. The fund makes initial investments in the range of $500K and $2 million. According to the company, its investment strategy is based on the long-term horizon.

"We're extremely pleased to have successfully closed our first fund," said Brandon Gath, Managing Partner of Kraken Ventures. "Our long-term view on investing, and the possibility to leverage Kraken's experience in building a truly global, scalable platform, definitely contributed to the overwhelming interest we received from investors. Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols."