VanEck to Invest in Early Stage Ventures Including Crypto With New $30M Fund
Summary
VanEck is launching a new venture capital fund, VanEck Ventures, with a focus on fintech, digital asset, and AI companies in pre-seed or seed stages. The fund has $30 million in assets under management and aims to invest in 25-30 projects, with individual investments ranging from $500,000 to $1 million. It has already invested in four projects. The fund will be led by Wyatt Lonergan and Juan Lopez, former leaders at Circle Ventures. VanEck seeks projects that offer strategic and financial upside, particularly those building application-layer solutions like tokenized assets and next-generation payment systems. The firm aims for 15% of its AUM to be in crypto in the future, up from the current 1%.
