Crypto VC Hivemind launches fund with multi-strategy approach

Hivemindthe venture capital company crypto founded by a former from Citihas launched a new fund which will invest in tokens à strong capitalization. Staking and Yield Farming are also on the program.

In operation since 2021 and headed by Matt ZhangHivemind supports ecosystem startups Web3 but also invests directly in crypto-currencies.

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On Tuesday, the New York-based VC announced the launch of a new fund which will concentrate its investments in large market cap tokens using a multi-strategy approach including staking, yield farming and event-driven investing.

With a target size of $300 million, “ Liquid Opportunity Fund “has already raised 60 million dollars from institutional investors and high-net-worth individuals, according to the announcement.

Hivemind continues to demonstrate its ability to raise capital in a difficult market […] While others may choose to downsize or leave the industry, we’re doubling down on hiring and product expansion,” proclaimed founder Matt Zhang.

The former chief commercial officer of US bank Citi has no doubts about the future of the company. long-term potential technologies blockchain. “We are striving to become one of the largest crypto investment managers,” he added.

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Hivemind previously launched a flagship fund with 1.5 billion dollars which invests in start-ups, protocols and cryptocurrencies.

Last year, the American company participated in the token sale from Limewire, a P2P software turned NFT marketplace.

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