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The cryptocurrency industry may be going through tough times, but some companies continue to perform at their best. Lightspeed raised a total of $ 500 million and Multicoin Capital announced a $ 430 million fundraiser.
Lightspeed Ventures secures $ 7 billion in funding
The announced funding rounds are tracked for the week up to $ 1.5 billion. The recruiting companies have not received this amount since the beginning of the year. Three companies contributed to this fortune: Lightspeed Ventures, Multicoin Capital and Saber Labs.
Recall that Lightspeed Ventures is a global venture fund whose strategy is to invest different sectorsLearn about technology, consumption and health. Initially, the company focused on partnering with companies such as Snapchat, Fusion-io, Rubrik.io, etc. However, over time, thanks to its growth, it has expanded its scope of activity.
Lightspeed has also started investing in cryptocurrency companies. He has participated in funding rounds from Blockchain.com, FTX, CertiK and Ripple to name a few companies. With a recent fundraiser, Lightspeed’s overall funding has increased. 7 billion dollars.
Multicoin Capital will raise $ 430 million
Together with Lightspeed Ventures, Multicoin Capital announced a fundraiser in the amount of 430 million dollars. Multicoin Capital is an investment fund focused on investing in the cryptocurrency market.
Multicoin Capital is running one of its largest operations ever, raising $ 430 million in funds. Provides that capital divided into several investment rounds, with volumes ranging from $ 500,000 to $ 100 million per round. It all depends on the type of project you intend to support. For the company’s CEO, Samani Multicoin always actively seeks to invest in long-term projects.
Last week, Lightspeed Ventures raised $ 500 million, for its part Multicoin Capital announced it will raise $ 430 million, its largest project to date. Apparently, the cryptocurrency market crisis does not in any way affect the development of fundraising companies.
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