VanEck Led $50M Raise for Cadenza Ventures’ Crypto Fund
Cadenza Ventures raised $50 million for its crypto venture fund, the company announced Monday. The fund will use the capital to invest in crypto platforms and blockchain technologies internationally.
The early-stage fund is led by Cadenza Ventures’ Co-Founders and Managing Partners Kumar Dandapani and Max Shapiro and anchored by VanEck.
Others in the round include Solana, Dapper Labs, WorldQuant Ventures, Mirana, TRON, Lennertz, Babel Finance, Social Leverage as well as individual investors from Coinbase, Kraken Ventures, Angellist, and Norwest Venture Partners.
“We’re very excited to continue investing in entrepreneurs and developers that are working tirelessly to revolutionize financial services around the world,” Shapiro said in a statement.
The fund will use the capital to invest in crypto platforms and blockchain technologies internationally, the firm said.
The firm has already made its first investments in companies, including Rain, Vauld, Lemon Cash, Tulip Protocol, and ZEBEDEE.
To date, the venture capital firm has made approximately 36 investments in digital finance across companies that focus on custody, exchanges, asset management, payments, data and analytics, and DeFi, according to its website.
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