VanEck launches $30m fund for crypto and AI startups

VanEck has announced the launch of VanEck Ventures, a $30 million early-stage fund focused on fintech, digital assets, and artificial intelligence. 

The fund will support pre-seed and seed-stage startups, with investment amounts ranging from $500,000 to $1 million per project. VanEck is a global investment firm managing $115 billion in assets.

Led by former Circle Ventures heads Wyatt Lonergan and Juan Lopez, the fund aims to identify and back 25 to 35 startups that offer both financial and strategic upside. Lonergan and Lopez bring a wealth of experience from Circle, where they successfully invested over $50 million in similar ventures.

This move marks VanEck’s deeper foray into venture capital, continuing its long-standing…

Source link