VanEck Ventures, a newly launched $30 million early-stage fund, will focus on fintech, digital assets, and AI startups. Led by former Circle Ventures heads, it aims to capitalize on transformative technologies like tokenized assets and stablecoins, positioning itself for the future of finance.
VanEck has entered the venture capital space with a $30 million early-stage fund targeting fintech, digital assets, and AI startups. Named VanEck Ventures, the fund seeks to invest in cutting-edge innovations that address inefficiencies in payment systems, blockchain, and tokenized markets. This move highlights VanEck’s commitment to advancing disruptive technologies, supported by a leadership team with deep expertise in fintech and crypto investments.
VanEck has launched VanEck Ventures, a $30 million early-stage venture capital fund that will be used to invest in startups within the fintech, digital assets, and artificial intelligence (AI) sectors. This initiative will be VanEck’s first dedicated venture capital fund, expanding its investment strategy to include both liquid and illiquid crypto ventures.
The fund of $30 million will aim to capitalise on transformative opportunities in emerging technologies mainly in areas like tokenised assets, internet-native financial marketplaces, and next-generation payment systems which are utilising stablecoins.
This fund will be led by Wyatt Lonergan and Juan Lopez, both former heads of Circle Ventures. They have significant expertise in fintech and crypto investments, which makes the fund strong for innovative startups.
VanEck has currently planned to make 25-35 investments which will range from $500’000 to $1 million per startup and this investment will mainly focus on pre-seed and seed-stage companies.
The investment of the fund will be shaped by three core principles:
Although the fund has just launched, it has already made four undisclosed investments. The broader context of this launch coincides with an uptick in interest and funding within the crypto sector.
“From pioneering an approach to gold investing in 1968 to recognizing the disruptive potential of Bitcoin in 2017, embracing a long-term view on transformative opportunities has always been part of our investment philosophy. This fund extends that vision into the early-stage venture space,” said Jan van Eck, CEO of VanEck. “We look forward to supporting founders of what we believe are some of the most disruptive companies in fintech—those building the future of finance.”
The establishment of VanEck Ventures signifies a strategic pivot for VanEck into the venture capital landscape, enhancing its role in early-stage crypto investments. Given the growing regulatory clarity surrounding stablecoins and blockchain technologies, this fund is well-positioned to support startups that bridge existing inefficiencies in payment systems and capitalise on emerging market opportunities.
As we see more and more innovations in emerging technologies these traditional investment firms like VanEck are now seeking to engage in innovative technologies. This initiative highlights the ongoing trend among venture capital funds to identify emerging investment opportunities and shows the increasing convergence of traditional finance and digital innovation.
This post was last modified on October 11, 2024 12:54 am
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