Brandon Gath, managing partner at Kraken Ventures, shared with Cointelegraph in an email that the fund is doubling their original goal of early founders to offering support further to see projects through as well. With the prior fund raising a total of $65 million, the second fund’s target of $100 million nearly doubles that amount and determinedly steers ahead despite the current downtrend of crypto-related venture gomarket. Kraken Ventures believes tending to investments tirelessly through having a smaller funds more beneficial serves both parties’ interests. A substantial and noted amount of the fund are for focus ascribed to follow-up investments. 32 firms, the majority engrossing series A funding, precisely gained earlier ventures as a result of investments. Most recently Kraken Ventures was actively participated with co-investors Bain Capital Ventures, Renegade Partners, and BoxGroup on the series A funding for US financial tech startup Rightfoot. Previous investments focused on blockchain operations, AI projects and decentralized finance institutions were backed as well. The organization’s mission underlying such investments is in furthering Kraken’s shift to provide a more liberal and authoritative platform on a global scale.
