June 8, 2022 - Digital assets focused Investment manager, Valkyrie Investments, announced that it has raised over $11 million as part of a strategic fundraising that includes a cross-section of traditional financial firms, digital asset firms, and others.
The funding round proceeds will be used to build out proprietary technology infrastructure and make strategic hires with a view to extending their product and service offering. The oversubscribed funding round raised a total of $11.15 million, and counts BNY Mellon, Wedbush Financial Services, Coinbase Ventures, C-Squared Ventures, Clearsky, Zilliqa Capital, Belvedere Strategic Capital, and SenaHill Partners among participants.
"This fundraise shows the breadth of interest in both our industry and what we are building at Valkyrie," said Co-Founder and Chief Investment Officer Valkyrie Investments, Steven McClurg. "This strategic round will enable us to better service the broader market, and to integrate with traditional financial services platforms."
This follows the announcement from Wedbush that Valkyrie has also recently been added to their distribution platform, providing broader access to Valkyrie's suite of Bitcoin-adjacent exchange traded funds (ETFs).
BNY Mellon also announced earlier in June that Valkyrie has entered into their Accelerator Program.
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