Alan Howard Adds to Crypto Spending With Investment in Two Startups

The latest investment comes a day after Howard announced a $4 million investment in Asian crypto trading app Kikitrade.

Jun 11, 2021 at 8:47 a.m. UTC
Updated Sep 14, 2021 at 1:10 p.m. UTC

Alan Howard, the co-founder of the Brevan Howard hedge fund, has added to his spending on crypto with investments in two start-ups.

  • The billionaire led an extension of London-based crypto custody firm Copper’s Series B funding round that raised an extra $25 million, the Financial Times reported Friday.
  • In May, Copper raised $50 million in the round co-led by Dawn Capital and Target Global.
  • This news emerges only a day after Howard announced a $4 million investment in Asian crypto trading app Kikitrade.
  • Howard's earlier spending in the crypto space includes investments into firms such as CoinShares and Canadian crypto lending firm Ledn.
  • It was reported in April that Brevan Howard was to make direct investments in cryptocurrency, allocating up to 1.5% of its main fund to crypto.
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
Terra’s LUNA Gains, Then Slides, After Do Kwon's Fork Proposal

Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST.

Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST.

2
Breaking Barriers to the Web 3 Creator Economy

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

3
How Not to Run a Cryptocurrency Exchange

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

4
Morgan Stanley Warns NFTs Next to Watch After UST Collapse, Bukele Announces Mega Banks Meeting in El Salvador

The most valuable crypto stories for Monday, May 16, 2022.

The most valuable crypto stories for Monday, May 16, 2022.