Tue, May 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Activist crypto hedge fund Layer1 launched, backed by Digital Currency Group and Peter Thiel

Thursday, December 20, 2018

Laxman Pai, Opalesque Asia:

Layer1, a cryptocurrency investment firm, announced that it has received $2.1m in seed funding from, amongst other people, PayPal Co-Founder Peter Thiel.

The San Francisco-based company claims to have an executive team with wide-ranging experience across the tech sector including Google and Facebook and financial services industries. Using that experience, Layer1 aims to create the "crypto investment company of the future"

The firm's model has attracted big-ticket investors, including tech billionaire Peter Thiel, who joined Digital Currency Group (DCG) in backing the firm in the closing of its $2.1 million seed round, claims the company.

Led by co-founder Alexander Liegl, Layer1 takes a long-term position in cryptoassets with promising technologies and network effects, then deploys capital and resources in order to improve their fundamental value and support market adoption.

The company has a focus on programmable money and store-of-value applications, which it believes has the potential for true value creation.

"Layer1 takes concentrated bets on promising blockchain protocols and builds critical technology to support their global impact. Layer1's prominent investors affirm this approach with their participation in the company's funding," said a press release from the company.

"We believe that the crypto investment company of the future will look radically different to status quo, with a clear focus on an engineering-first an......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm