The venture fund founded by Tiger Global Management posted a 20% loss for 2022 after a negative revaluation of its crypto-startup investments. This is reported by The Information.
Value is stated before the management fee.
Specifically, the firm marked new values for its stakes in Yuga Labs, Helium, MoonPay, Worldcoin and OpenSea. For example, in OpenSea the stake was $30.2 million, compared with an initial investment of $126.8 million.
Investments in the FTX exchange going through bankruptcy proceedings were fully written down.
In October 2021, the vehicle raised $12.7 billion.
The fund had invested more than $11 billion. Almost a quarter of that amount went to firms in the SaaS, далее в рейтинге по областям — «финтех» и «криптовалюты», говорится в отчете.
В общей сложности через венчурный фонд Tiger Global поддержала ~250 стартапов. По состоянию на конец 2022 года 170 из них оценивались меньше, чем на момент принятия решения об инвестициях в них.
В январе 2023 года Tiger Global участвовала в раунде Серии B провайдера блокчейн-инфраструктуры QuickNode на $60 млн.
PitchBook warned that the worst drought in venture funding may be ending. In the first quarter, the volume of such investments in crypto-related companies fell to the lowest in ten quarters, at $2.4 billion.