• September 29, 2023


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SkyBridge to Launch a Fund to Invest in Web3 Startups

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SkyBridge Capital, a company founded by Anthony Scaramucci, plans to launch a venture capital fund with a focus on Web3 and the crypto industry aimed at developing startups and late-stage companies.

Accredited investors will have access to the structure. The official announcement may take place at the Salt conference on September 12.

SkyBridge Capital intends to open the fund in the conditions of formation of attractive discounts in the secondary market. Startups with stable valuations after recent investment rounds are also of interest.

Since January, funds managed by SkyBridge have invested $425 million in 12 private firms, including FTX.

It has previously been reported that the redemption of shares of the Legion Strategies fund have been frozen by the investment company after the collapse of stock prices and cryptocurrencies.