Angermayer Firm Eyeing $100M Investment in Crypto Funds

Cryptology Asset Group will look globally for promising blockchain and crypto-related businesses.

Jun 3, 2021 at 2:32 a.m. UTC
Updated Sep 14, 2021 at 1:05 p.m. UTC

A European investment company founded by billionaire Christian Angermayer and backed by Galaxy Digital's Mike Novogratz is looking to pour around $100 million into crypto venture funds over the next two years.

Cryptology Asset Group will take an entrepreneurial approach to fleshing out its fund portfolio and pay close attention to first-time crypto funds, emerging managers and seed funds, according to a press release on Thursday.

The company will invest globally, taking equity stakes in blockchain and crypto-related businesses, according to Angermayer, a fintech and crypto entrepreneur. Novogratz invested in the firm when it was launching, though he is not involved in the new funding effort.

Specifically, Cryptology will offer both retail and institutional clients liquid shares, such as its offering of indirect exposure to Block.one's fresh crypto exchange Bullish.

"Our vision is to collaborate closely with our portfolio funds, offering them access to our broad network and experience, as well as to co-invest alongside them into innovative blockchain companies and crypto assets," said Cryptology CEO Patrick Lowry. "There is no better asset class to bet on than crypto.

The company is publicly listed on multiple German stock exchanges under the ticker CAP:GR and has experienced 273% growth over the past year. Cryptology's latest commitment marks yet another case of professional investors' interest in the crypto space.

Over the past three years, Cryptology has grown invested capital from €27 million (US$32.9 million) to €450 million (US$543 million).

CORRECTION (June 4, 2021, 22:33 UTC): Corrected to clarify that Mike Novogratz did not found Cryptology.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

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.

Trending

1
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Thoughts From Davos

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitso, primer unicornio cripto de América Latina, despide a 80 empleados

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

CoinDesk - Unknown