Cryptology asset group, a Malta-based investment team co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is ready to support crypto venture capital firms.
In a statement released Thursday The European holding company announced that it would for the first time place an investment of 100 million US dollars in crypto funds. As part of the announcement, the investment team announced that it will take an entrepreneurial approach to building its crypto fund portfolio, with an emphasis on emerging managers and GP seeding.
Cryptology already has a significant presence in the crypto and blockchain space, with investments in companies like crypto asset manager Iconic Funds and bitcoin (BTC) mining operator Northern Data.
Indeed, Cryptology also offers indirect exposure to EOS developer Block.one and its recently announced $ 10 billion crypto technology company Bullish Global.
About the planned investment fund, Cryptology co-founder Angermayer said:
We are at the beginning of the cryptocurrency revolution and we strive to become one of the world’s leading investors in this fledgling asset class. Our fund investment strategy focuses on emerging talent, takes a global approach and includes both funds that invest in stocks of crypto and blockchain-related companies and funds that invest in crypto assets and tokens.
For Patrick Lowry, CEO of Cryptology, the company’s biggest focus in the cryptocurrency market is that the industry is the best investment opportunity. Lowry said Cryptology increased its assets under management from an initial capital investment of about $ 33 million to $ 548 million.
According to Lowry, the Malta-based company has an estimated internal rate of return of over 300% annually. The CEO attributed the company’s positive growth performance to “tectonic shifts” triggered by the emerging crypto asset class.