Kraken Ventures raises $65m to invest across the crypto and FinTech ecosystem

By Edlyn Cardoza

Kraken Ventures, an independent investment fund led by Kraken alumni targeting early-stage companies and protocols across the crypto and FinTech ecosystem, has recently announced the successful closing of its first fund, Kraken Ventures Fund I LP. In addition to Kraken as the anchor LP, the fund-raised capital from a broad group of global institutional investors.

Kraken Ventures invests in the underlying technologies powering the next wave of crypto and FinTech innovation and focuses on areas including financial infrastructure, Web3, decentralized finance (DeFi), consumer crypto protocols, and enabling technologies, such as AI and Machine Learning. It has already made many investments, including positions in Blockdaemon, Anchorage, Messari, Hashflow, Acala, and pStake.

“We’re extremely pleased to have successfully closed our first fund,” said Brandon Gath, Managing Partner of Kraken Ventures. “Our long-term view on investing, and the possibility to leverage Kraken’s experience in building a truly global, scalable platform, definitely contributed to the overwhelming interest we received from investors. Our focus now is to put that money to work and help some of the most innovative projects and their exceptionally talented founders accelerate the development of their companies and protocols.”

Kraken Ventures is headquartered in Austin, Texas, with a distributed team in New York and London. The fund targets initial investments in the $500K to $2 million range. Its investment strategy is based on a long-term investment horizon and a hands-on approach. The team works side-by-side with its portfolio companies to build and scale their businesses by offering strategic guidance, sourcing new commercial opportunities, and providing capital support.