Kraken Ventures Raises $65M for Early Stage Crypto Fund

Kraken Ventures Raises M for Early Stage Crypto Fund
Kraken Ventures raised $65 million for its first fund, which will invest in early-stage cryptocurrency and tech startups, the firm said in a press release on Friday.Kraken, the fourth largest crypto exchange by volume, in February launched an independent fund led by its former head of corporate development Brandon Gath.The new fund currently holds positions in the blockchain infrastructure platform Blockdaemon, digital asset platform Anchorage and crypto database provider Messari, and more.Kraken Ventures said it will invest in financial infrastructure, Web3, decentralized finance (DeFi), consumer crypto protocols, artificial intelligence, and machine learning startups. The fund will target initial investments in…