Pluto Digital Assets raises c.$40m for decentralised technologies

By Robin Amlot

Pluto Digital Assets, a crypto VC and tech company, has raised c.$40 million after closing its latest funding round. As a result, the company has surpassed $50 million total assets under management (AUM), within just 50 days of being established.

Pluto’s third and largest round to date was led by Argo Blockchain, maintaining its c.25% stake with an investment of approx. $10 million. There was continued investment by two other publicly traded companies, Pires Investments Plc and Riverfort Global Opportunities amongst others, as part of a total raise of c.$40 million.

Pluto Digital Assets has been actively deploying capital into new token issuances at seed level, incubating projects, taking equity positions and holding strategic and treasury positions in digital assets. The senior team has significant experience of investment management and venture capital, trading, digital assets, start-ups and decentralized finance (“DeFi”). The team has also formed extensive networks within the Web 3.0 Ethereum, Polkadot and DeFi communities and has experience of launching Web 3.0 projects such as YOP. Pluto Digital Assetsis also engaged in the non-fungible token (NFT) collectables market and is actively curating a private collection, with the first pieces to be unveiled shortly.

In addition, Pluto will generate income from its operational activities of running nodes, mining, staking, liquidity provision and via its engagement with other DeFi protocols. With its relationships with many leading launchpads, the Company is optimally placed to help projects deliver on their growth strategies.

Pluto Digital Assets Director, Atif Yaqub said: “This is a period of unprecedented opportunity to fill a void in the London markets, bringing a blend of traditional and crypto venture. We are delighted with the results of the fundraise which was heavily oversubscribed and thank our existing shareholders for their support and welcome our new investors. The funds give us the firepower for an aggressive push to become a leader in decentralised technology investment. We’re already engaged with an epic constellation of projects in the digital assets space and look forward to helping them bring their vision to fruition.”