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Richard Li, Winklevoss-Backed CMCC Global Targets $300M for Latest Crypto Fund

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Venture capital agency CMCC Global is focusing on $300 million price of investments for its newest crypto fund with the backing of traders, similar to billionaire Richard Li and Gemini co-founders, the Winklevoss twins.

  • Richard Li, who backed CMCC’s earlier crypto token fund, will roll over to the most recent fund together with different current traders, Bloomberg reported on Friday.
  • Gemini co-founders Cameron and Tyler Winklevoss are mentioned to be traders within the new fund.
  • CMCC Global, which was based in 2016, was an early investor within the Solana blockchain having invested $1 million in a personal token sale in 2018. The VC has additionally backed different blockchain initiatives like Cosmos and Terra.
  • CMCC co-founder Charlie Morris mentioned that the agency plans to assign a part of its newest fund to areas, similar to decentralized finance (DeFi) and non-fungible tokens (NFTs).

Read extra: Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office

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