Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups.
The co-founder of major asset manager Brevan Howard led a $25 million extension fund raise for London-based crypto services firm Copper.co. The company announced Friday that the new investment follows a $50 million Series B funding round led by companies like Dawn Capital and Target Global.
The additional funding will be directed to further strengthen Copper’s expertise in enabling traditional financial firms to benefit from blockchain technology and cryptocurrencies. The firm stressed that the additional funding shows the growing interest in crypto from the traditional finance sector.
Hot on the heels of our Series B $50m raise, Alan Howard of Brevan Howard has invested $25m in Copper.
This additional funding signals the growing interest and endorsement from the traditional finance sector in cryptoassets.
— Copper (@CopperHQ) June 11, 2021
The Copper investment follows another Howard-backed $12 million fundraise for Asian crypto