LeadBlock Partners, a crypto company based in Paris and London, has just raised $150 million for its second fund.
The company has reportedly previously backed Yuga Labs, Bitpanda and BlockFi through the first such structure.
Investors in the second fund include family offices, hedge funds, financial institutions and market makers such as GSR, Portofino Technologies, Woorton and Keyrock.
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The structure will focus on both equity and investments in tokens of early-stage startups. The participation of market makers in the fund will enable the portfolio companies to facilitate the subsequent funding process.
The start of the fund distribution process is expected in early 2023.
LeadBlock Partners was founded by Goldman Sachs alumni.