VanEck Launches $30M Venture Fund to Invest in Digital Assets and Fintech
VanEck has launched VanEck Ventures, a new VC fund with $30 million in assets under management, focused on investing in fintech, digital asset, and AI companies at the pre-seed or seed stages.
Led by Wyatt Lonergan and Juan Lopez, the fund aims to invest between $500,000 and $1 million in 25-30 projects that offer strategic and financial upside, having already backed four initiatives.
CEO Jan van Eck highlighted the firm’s long-term investment philosophy, which now extends to early-stage ventures, particularly those building application-layer solutions, such as tokenized assets and stablecoin applications.
VanEck is also planning to increase its crypto allocation from the current 1% to 15% of its total AUM.
Source: Coindesk