Blossom Capital plans to create a $432 million fund

A third of the capital will be invested in digital asset firms

18.01.2022 - 12:45

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What’s new? London-based venture capital firm Blossom Capital has announced a $432 million fund, its third to date. The funds will be invested in European startups, including the various sectors such as consumer, cybersecurity, developer tools, fintech, and trading platforms. This is reported by Bloomberg.

Information on the Bloomberg website

What does the company’s representative say? . The company does not have much experience supporting cryptocurrency startups, except for its investment in MoonPay in November 2021. Ophelia Brown, the managing partner of Blossom Capital, noted:

“We will not just invest in crypto assets. Blossom Capital will buy shares in companies in the Series A funding round. These will be startups that develop crypto infrastructure.”

Brown revealed that Blossom’s second fund of $185 million will invest in tokens and NFTs. She added that the company has invested a lot of time and resources in developing the infrastructure needed to invest in web3.

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