Chorus One launches $30 million venture fund

The staking company Chorus One has launched a $30 million fund focused on promising decentralized protocols.

Chorus One has been an ecosystem leader since 2018 and today we’re extremely pumped to take it one step further 💪

We’re launching Chorus Ventures, which is dedicated to investing $30M in some of the most promising protocols, decentralized networks, and related products 🧵

— Chorus One (@ChorusOne) April 4, 2022

Chorus One works with 28 blockchains. At the peak of the market cycle late last year, the value of assets under management was around $6.5 billion. During that period the firm’s annual revenue exceeded $30 million, according to The Block.

Thanks to accumulated Chorus One reserves, the new fund will deploy its own capital for investments. Priority will be given to projects based on Ethereum, Cosmos and Solana, as well as platforms built on EVM-compatible networks such as Avalanche and BNB Chain.

Earlier, the crypto-focused firm gumi Cryptos Capital raised $110 million for investments in early-stage startups.

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