New York, Thursday, October 17, 2024 – VanEck, a global investment firm, has launched a $30 million venture fund aimed at supporting early-stage companies in fintech, cryptocurrency, and artificial intelligence.
The fund, VanEck Ventures, focuses on investing in emerging technologies such as blockchain and AI, with the goal of fostering innovative solutions in finance. The firm has a history of identifying transformative markets, having recognized the disruptive potential of Bitcoin in 2017.1
Led by seasoned investors Wyatt Lonergan and Juan Lopez, VanEck Ventures will support startups developing next-generation payment systems, tokenized assets, and financial applications leveraging blockchain technology. The team aims to make 25-35 investments, with check sizes ranging from $500,000 to $1 million, prioritizing both financial returns and strategic impact.
VanEck Ventures’ launch represents the firm’s move into venture capital, further expanding its role in supporting cutting-edge financial technologies. CEO Jan van Eck noted that the firm’s long-term investment philosophy aligns with this initiative, as VanEck continues to identify future-defining opportunities in fintech.
The new fund also signals VanEck’s commitment to the growth of stablecoins and blockchain utility, aiming to partner with bold founders reshaping the financial landscape.
- globenewswire.com: https://www.globenewswire.com/news-release/2024/10/09/2960588/0/en/VanEck-Launches-30M-Fund-to-Support-Innovation-in-Fintech-Crypto-and-AI.html[↩]
