U.K. venture-capital firm Northzone has raised a 1 billion euro ($1.01 billion) fund to invest in innovative technology such as crypto, according to a press release on Tuesday.
- This isn't the first time Northzone has looked to invest in crypto. In July 2021, Northzone led a $27 million funding round for Magic Numbers, an Ethereum-based authentication platform. Around the same time, the firm contributed to a $20 million funding round for Livepeer, a decentralized video transcoding platform also built on the Ethereum blockchain.
- Northzone didn't immediately respond to request for further details.
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