London and Paris-based crypto venture firm LeadBlock Partners says it has completed the first close of a new fund. which has a target value of $150 million. Through its first fund, the firm backed Yuga Labs, Bitpanda, and BlockFi.
Founding partner David Chreng-Messembourg is looking to draw on his experience working with market makers and exchanges to help crypto founders at the pre-token generation or pre-listing phase.
LeadBlock Partners, a venture capital firm based in London and Paris, completed the first close of its new fund, which has a target value of $150 million (€150 million).
Founded only two years ago by former Goldman Sachs employees David Chreng-Messembourg, Baptiste Cota, and Jean-Marc Puel, this is the firm’s second fund, which it has so far raised capital in the tens of millions. With its first, it made bets on startups such as Yuga Labs, Bitpanda, and BlockFi.
The new fund, which will invest in both tokens and equity, is backed by family offices, hedge fund managers, and financial institutions. As well as a who’s who of crypto market makers.
