Mike Novogratz-backed firm announces $100M crypto investment fund

Mike Novogratz-backed firm announces $100M crypto investment fund

Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms.

In a release issued on Thursday, the European holding company announced plans to float a $100-million investment into first-time crypto funds. As part of the announcement, the investment outfit revealed that it will adopt an entrepreneurial approach in building its crypto fund portfolio with a focus on emerging managers and GP seeding.

Cryptology already has a significant footprint in the crypto and blockchain space with investments in the likes of crypto asset manager Iconic Funds and Bitcoin (BTC) mining operator Northern Data.

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Indeed, Cryptology also offers indirect exposure to EOS developer Block.one and its recently announced $10-billion crypto tech company Bullish Global.

Commenting on the planned investment fund, Cryptology co-founder Angermayer said:

“We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class.

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