Cryptocurrency venture capital C1 plans to acquire private equity stakes in companies such as Animoca Brands and Chainalysis with a $500 million fund

ChainCatcher news, the cryptocurrency venture capital firm C1, led by former Coinbase executives, is in talks with multiple cryptocurrency groups and Australian venture capital firms, planning to use its $500 million (approximately A$760 million) fund to acquire private equity stakes from these investors at a discount rate of 50% to 80%. Currently, C1 has reached out to venture capital firm Animoca Brands, which focuses on gaming and the metaverse, as well as blockchain analytics firm Chainalysis.

It is reported that C1 seeks to invest in "entities with a previous funding round valuation of at least $300 million, preferably in Series C and later stages," with the desired investment amount ranging from $20 million to $50 million.