{"id":50741,"date":"2021-10-06T10:28:24","date_gmt":"2021-10-06T07:28:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50741"},"modified":"2025-09-02T19:58:51","modified_gmt":"2025-09-02T16:58:51","slug":"arca-launches-a-30-million-venture-fund-with-galaxy-digital-backing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arca-launches-a-30-million-venture-fund-with-galaxy-digital-backing\/","title":{"rendered":"Arca launches a $30 million venture fund with Galaxy Digital backing"},"content":{"rendered":"<p>Arca, a digital asset investment-management firm, has launched its first venture fund for the digital asset ecosystem, with commitments exceeding $30 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEWS \ud83d\udea8 \u2014 We&#8217;re excited to launch the <a href=\"https:\/\/twitter.com\/arca?ref_src=twsrc%5Etfw\">@Arca<\/a> Endeavor Fund (the Fund) \u2014 an early-stage, closed-end venture fund focused on investing in innovative founders across various segments of the <a href=\"https:\/\/twitter.com\/hashtag\/digitalasset?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalasset<\/a> ecosystem.<\/p>\n<p>\u27a1\ufe0f <a href=\"https:\/\/t.co\/QLnFbBfg0r\">https:\/\/t.co\/QLnFbBfg0r<\/a> <\/p>\n<p>cc: <a href=\"https:\/\/twitter.com\/DavidNage?ref_src=twsrc%5Etfw\">@DavidNage<\/a> <a href=\"https:\/\/twitter.com\/raynesteinberg?ref_src=twsrc%5Etfw\">@raynesteinberg<\/a> <a href=\"https:\/\/t.co\/CSHMyZ5iDx\">pic.twitter.com\/CSHMyZ5iDx<\/a><\/p>\n<p>\u2014 Arca (@arca) <a href=\"https:\/\/twitter.com\/arca\/status\/1445370494442774534?ref_src=twsrc%5Etfw\">October 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>According to the press release, the Arca Endeavour Fund targets investments in early-stage projects. Among its focus areas are <span data-descr=\"decentralized finance\" class=\"old_tooltip\">DeFi<\/span>, gaming, Web 3.0, infrastructure <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>, financial services and insurance.<\/p>\n<p>The fund has already made several initial investments.<\/p>\n<p>The portfolio-management duties have been assumed by Arca veteran David Nage. He was joined by the firm&#8217;s chief operating officer, Michael Dershevits. <span data-descr=\"Chief Investment Officer\" class=\"old_tooltip\">CIO<\/span> Jeff Dorman chairs the fund\u2019s investment committee.<\/p>\n<p>The anchor investor in Endeavour was Galaxy Digital\u2019s venture arm led by Mike Novogratz.<\/p>\n<p>In January 2021, Arca <a href=\"https:\/\/forklog.com\/en\/news\/arca-raises-10-million-in-series-a-funding\">raised $10 million<\/a> in a Series A round. The company\u2019s CEO Rayne Steinberg stated at the time that \u201cthe deployment of digital assets as a mechanism for capital formation is the greatest innovation in financial services.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDigital assets have fundamentally changed the dynamics of the relationship between founders and investors, and the Arca Endeavour Fund closes the gap between them,\u201d noted David Nage.<\/p>\n<\/blockquote>\n<p>As Crunchbase News reports, in the first half of 2021 the volume of venture funding in the blockchain industry <a href=\"https:\/\/forklog.com\/en\/news\/crypto-firms-accounted-for-3-of-global-venture-funding-in-2021\">reached $8.8 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arca, a digital asset investment management company, has launched its first venture fund for the digital asset ecosystem, with commitments exceeding $30 million.<\/p>\n","protected":false},"author":1,"featured_media":50742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1922,1133],"class_list":["post-50741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arca","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50741"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50741\/revisions"}],"predecessor-version":[{"id":50743,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50741\/revisions\/50743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50742"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}