In the ever-evolving world of cryptocurrency, there’s always a new frontier to explore, a new venture to embark upon. The latest buzz in the crypto town is about Momentum Capital, a San Francisco-based crypto-native fund. They’ve just secured a jaw-dropping $10 million investment. And who’s backing them? Canada’s renowned BM Fund.
This significant investment, finalized in July 2023, is about more than just the numbers. It’s about a vision, a mission. Momentum Capital isn’t just looking to invest or expand; they’re on a quest. Their mission? To find the next ‘Apple’ in the crypto universe. A pretty lofty goal, but with a $10 million boost, they’re well on their way.
The funds are earmarked for some strategic moves. Momentum Capital plans to use this capital infusion to expand its team. But that’s not all. They’re also setting their sights on supporting early-stage web3 projects. Their ultimate aim? To help the fund in its mission to unearth the next big thing in crypto, the next game-changer, the next ‘Apple.’
What’s even more intriguing is the timing of this investment. BM Fund’s decision to invest in Momentum Capital during bear markets is a testament to Momentum’s prowess. As the BM Fund Founder Carmen aptly put it, their investment move “underscores their proficiency.” It’s a bold move, investing during bearish phases, but it seems BM Fund has immense faith in Momentum Capital’s capabilities.
Looking ahead, Momentum Capital has its strategy chalked out. They’re gearing up to amplify their focus on web3 opportunities. As the Managing Partner of Momentum Capital, Gary pointed out, they remain devoted to investing in and nurturing web3 projects that hold intrinsic value. Their roadmap for the next six to twelve months is apparent. They’re looking to boost global builders with a sharp focus on web3 infrastructure, regional web3 opportunities, and web3 applications.
With a $10 million investment in their kitty, Momentum Capital is all set to revolutionize the crypto landscape. Their quest to find the ‘next Apple in crypto’ is on, and the crypto world is eagerly watching!
