The first fund of a joint venture run by former Binance strategy chief Gin Chao that focuses on investing in early-stage cryptocurrency firms concluded at over $50 million.
CVP NoLimit Fund I, Led by Former Binance Chief Strategy Officer Gin Chao, Completes Its First Funding Round of $50 Million
A statement made today states that CVP NoLimit Fund I, a collaboration between NoLimit Holdings and the private equity company ClearVue Partners, concluded on July 25. NoLimit reportedly made investor pitches in order to raise $100 million for the fund, according to The Block, in October 2022.
We are grateful for the confidence and trust that our partners have placed in us for this first fund, particularly given the breadth of industries our LP base represents and the challenging macroeconomic conditions during this period. At the same time, this has created an ideal window to deploy capital into the exciting opportunities that the current market presents.
Chao
What does NoLimit Invest in?
With checks ranging from $250,000 to $3 million, NoLimit concentrates on seed-stage deals and strategic rounds. Its current wagers include those on IQ Protocol, Connext, Hogwarts Labs, Binance.US, and Mysten Labs. According to the announcement made today, it has invested in over 20 projects worldwide and plans to make a further 20 investments over the next 12 months.
About NoLimitHoldings
No Limit Holdings (NLH) is an investment partnership that focuses on global crypto assets. Its core belief is that over the course of the next ten years, blockchain technology will drive value creation across the majority of industry sectors. NLH administers funds that invest in digital assets across seed, strategic, and private rounds from top-notch founding teams that are creating blockchain infrastructure and apps that enhance the lives of users all over the world.
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