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Aglaé Ventures will launch a €100 million web3 fund



Time:8/3/2022 2:57:26 AM

[Aglaé Ventures will launch a 100 million euro web3 fund] Jinse Finance reported that Aglaé Ventures, a venture capital firm supported by LVMH chairman and CEO Bernard Arnault, will launch a dedicated encryption fund. The exact timing of its launch was unclear, but two people familiar with the matter said the fund would be between 100 million euros ($102 million) and 110 million euros. Paris-based Aglaé, which has previously backed tech giants such as Airbnb, Netflix, Slack and Spotify, is making its first foray into crypto, co-leading a $30 million funding round with crypto market maker Flowdesk. The fund has not yet made public investments.

The fund will focus on investing in encryption startups, Web3 infrastructure, Layer 1 public chains and Layer 2 projects, etc.

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