Malmstrom raises $250 million for private equity fund to acquire Web3 companies.
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Malmstrom, the Web3 venture capital firm led by BitMEX co-founder Arthur Hayes, is raising $250 million for a private equity fund focused on acquiring small and mid-sized cryptocurrency companies, Bloomberg reports. The fund plans to invest between $40 million and $75 million per acquisition, acquiring up to six companies. The companies being explored include trading infrastructure and analytics platforms.
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