Tuesday, March 2, 2021

Nick Carter’s Castle Island Ventures Close M 50M Investment Fund – Coindesk

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Initially funded by Crypto Fund Castle Island Ventures, managed by Nick Carter and Matt Walsh, it raised $ 50 million for its second fund.

“We believe that public blockchains are a transformative technology and that the way we interact with money, value transfers, trusted third parties and even the basic architecture of the Internet will change.” The announcement post was published on Monday.

In a call with Koynadesk, Carter said investors in the fund include high-value individuals, family offices and others. The company raised $ 30 million in June 2018 for its first fundraiser, investing in 20 startups, including BlockFi, ErisX, River Financial, Casa and others.

“My first love is bitcoin and we’re not giving up bitcoin,” Carter said. “Our focus has always been on the infrastructure of the crypto financial market and Bitcoin is not the only part of it.”

Carter pointed to the development of a stable and decentralized approach to Internet infrastructure as a potential area of ​​interest for the new $ 50 million war book.

“There’s some engagement that is interesting to us,” Carter said. “We have a slight breadth of focus to reflect the maturity of that space.”

The second fund will target about 20 startup investments with a slightly larger check size than the first,

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