Two Sigma Ventures Raises $400M for Two Funds, Plans Crypto I | Crypto Shake
Two Sigma Ventures Raises $400M for Two Funds, Plans Crypto Investments
Two Sigma Ventures announced plans on Wednesday to invest $4000 million across two new venture capital funds, confirming to CoinDesk that crypto investments will be included.
The early-stage focused Two Sigma Ventures IV fund and growth-stage Opportunity Fund will invest across a number of industries, including enterprise software, financial technology and consumer technology. The company doesn’t have a dedicated crypto fund, but about 15% of its capital will go toward crypto and Web3 projects, Two Sigma partner Dan Abelon told CoinDesk during an interview.
Venture capital investments in the first half of 2022 fell 26% year-over-year as the Ukraine conflict, the collapse of Terra’s stablecoin and the liquidity challenges of crypto lender Celsius gave way to a bear market. The number of deals remained stable, suggesting that investors continued to pour into the space but were backing smaller deals.
Two Sigma Ventures is the venture capital arm of New York-based quant hedge fund Two Sigma, which has about $60 billion in assets under management. The combination drives a focus on startups utilizing data science and software, making crypto a natural investment fit.
