L1 Digital has raised $152 million for its second venture capital fund
ChainCatcher news, according to CoinDesk, Swiss digital asset investment advisor L1 Digital (L1D) has raised $152 million for its second venture capital fund, focusing on digital assets and managing $400 million in assets.L1D's co-founder and CEO Ray Hindi stated that the new L1D Venture Fund II SLP has deployed about one-third of its capital. Investment projects include the institutional credit ecosystem Centrifuge, blockchain development platform Chroma, cryptocurrency custodian Safe, decentralized trading aggregator Li.Fi, and financial management startup Squads. The average investment amount ranges from $1.5 million to $7 million.It is reported that L1D directly invests 70% of its funds into crypto startups, while the remaining 30% is invested in early-stage crypto investment firms. L1D has previously supported well-known industry investors such as Multicoin Capital, DeFiance Capital, Castle Island Ventures, and 1kx.