Mark Weaden
US venture firm Jump Capital closed its largest round of fundraising to expand its cryptocurrency engagement
Chicago-based Jump Capital raises $350 million in an attempt to double down on its involvement in digital assets. After closing its largest fundraiser, the firm looks to continue investing in digital assets having already made 30 investments in cryptocurrencies this year alone.
A seminal moment for the company, as they position themselves to delve deeper into tech innovation. The company sees this as a generation-defining time, with cryptocurrency leading the way in terms of new tech and the company aims to contribute to shaping the future technological landscape.
How Jump Capital see the future
Jump Capital follows in the footsteps of many other venture firms and financial institutions as they look to move deeper into the cryptocurrency space. The aim for Jump is to continue to invest in cryptocurrency projects, namely in the areas of blockchain technologies, financial applications, decentralized finance (DeFi), and Web 3.0.
The acceleration of the fintech industry has been led by the growth of the digital asset industry. Many industries that are able to use blockchain technology to underpin products and services are now doing so, partly out of the benefits, but also due to companies like Jump Capital that are able to see the potential benefits of employing blockchain to push technology to reach its potential.
One of the main issues for blockchain is its scalability. The principle of bringing in blockchain to solve problems is that it will continue to do so, as new problems arise the technology must be able to adapt and continue to serve its purpose. Right now, the industry is still very niche, so there is a long way to go. But, as things develop the technology must adapt to the changes.
The latest round of funding garnered some 167 investors to take part. Almost doubling the previous fundraise, clearly, investors are impressed with the kinds of moves Jump has made. With so many exciting projects popping up on an almost daily basis, it’s difficult to filter the high influx of opportunities to find the gems. Jump Capital will be a name we hear more and more if they continue to make successful investments in the crypto sphere.
