Bernard Arnault continues his crypto-compatible investments. Indeed, our Block colleagues confirm this afternoon that the financial arm of the billionaire would launch an investment fund of 100 million euros dedicated to crypto start-ups and Web3.
It is therefore Aglaé Ventures, the Parisian venture capital company directly supported by LVMH, which would find itself embarked on the crypto adventure. According to the sources of our colleagues, the new structure would have achieved a round table ranging from 100 million to 110 million euros. Aglaé is not at its first attempt anyway, since the group is known to have supported companies such as Netflix and Spotify in the past.
So the crypto winter doesn’t seem to be stopping venture capitalists. Some, like Bernard Arnault’s group, even seem to take advantage of it to get started.
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