Cryptology Asset Group, an European investment company for blockchain- and crypto-related businesses founded by Christian Angermayer and Mike Novogratz, has announced that it intends to invest USD 100 million over the next 24 months into crypto-related venture funds.
Christian Angermayer, Founder of Cryptology, explained, “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. Our fund investment strategy will focus on emerging talent, taking a global approach, and will encompass both funds investing in equity stakes of crypto- and blockchain related companies as well as funds investing in crypto assets and tokens.”
Patrick Lowry, CEO of Cryptology, said, “There is no better asset class to bet on than crypto, in my opinion. Within just three years, Cryptology has grown invested capital of approx. EUR 27 million into an NAV of approx. EUR 450 million, as of June 1, 2021. This results in an estimated IRR of more than 300% per year, which is an impressive testimony to the tectonic shift we are seeing in front of our very eyes. We will work hard to continue this success story in the coming years and decades.”
Patrick added, “With regards to our fund investment strategy, our vision is to collaborate closely with our portfolio funds, offering them access to our broad network and experience, as well as to co-invest alongside them into innovative blockchain companies and crypto assets.”
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