Crypto venture capital firm Pluto Digital Assets has raised a $40 million fund with U.K.-listed Argo Blockchain (LON: ARB) as its lead investor.

  • In an announcement Wednesday, Pluto said it now has $50 million in assets under management after launching earlier this year. Argo Blockchain will be maintaining a 25% stake in the new fund with an investment of $10 million.
  • Pluto's fundraising effort was and joined by two other publicly traded firms: Pires Investments Plc (LON: PIRI) and Riverfort Global Opportunities Plc (LON: RGO).
  • Pluto will use the funds for "incubating projects, taking equity positions and holding strategic and treasury positions in digital assets," the firm said in a press release.
  • According to Pluto's website, the London-based firm holds positions in BTC, ETH, AAVE, DOT, KSM and LINK, along with a number of startup investments.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.