Coinspeaker
Crypto VC Fund 1kx Raises $75M from Major Investors

1kx, a crypto investment company known for its focus on early-stage financing, has successfully raised $75 million from prominent venture capital firms, Bloomberg reported on Thursday, citing an interview with the company’s founder.

According to the report, 1kx founding partner Lasse Clausen said prominent venture capital firms like Andreessen Horowitz, Accolade Partners, and Galaxy Digital participated in the funding. Chris Dixon, an American internet entrepreneur and investor who is also a partner at Andreessen Horowitz, also participated in the funding.

Anchor Investor and Investment Focus

Clausen said in the interview that Accolade, a private equity company headquartered in the United States, served as the fund’s anchor. He further disclosed that the $75 million will be primarily used to invest in consumer applications within the digital asset sector. Clausen revealed that the firm has already invested part of the funds in five different companies since securing the investment.

1kx was established in ...