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ETH $2,491.48 -0.19%
BNB $739.11 -2.23%
XRP $1.42 -1.20%
SOL $103.27 -0.77%
TRX $0.3387 -0.14%
DOGE $0.0891 -1.46%
ADA $0.2165 -6.05%
BCH $257.63 -0.27%
LINK $12.01 -5.18%
HYPE $85.30 +1.69%
AAVE $129.25 -1.17%
SUI $0.7954 -3.80%
XLM $0.1849 -3.99%
ZEC $1,278.70 +7.99%

The Information: SBF has invested over $500 million in venture capital funds such as Paradigm and Sequoia Capital

2022-11-11 09:37:51

According to ChainCatcher, citing four informed sources from The Information, Alameda Research and the venture capital firm FTX Ventures, supported by SBF's personal funds, had previously committed over $500 million in investments to venture capital funds such as Sequoia Capital, Altimeter Capital Management, Multicoin Capital, and Paradigm.

It is reported that Alameda Research invested at least $20 million in Paradigm last year. Entities controlled by SBF had committed over $200 million in investments to funds related to Sequoia Capital and promised $300 million to K5, an investment company that supports the crypto payment platform MoonPay and the crypto exchange platform Gemini. A spokesperson for Sequoia Capital declined to comment on this. (The Information)

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