CoinShares Alum Demirors Raises $75M for New Crypto VC Fund

• Ex-CoinShares Exec Meltem Demirors launches Crucible Capital for venture funding.
• The firm aims to raise $75 million across two separate funds.
• Crypto venture capital sees increased interest despite market volatility.

Meltem Demirors, a prominent figure in the cryptocurrency sector, has launched Crucible Capital, a new venture firm aiming to raise $75 million across two funds. Known for her influential role as a Chief Strategy Officer at CoinShares, Demirors is now spearheading her own investment initiative to capitalize on the growing interest in digital assets.

Crucible Capital, based in Delaware, has filed with the Securities and Exchange Commission to raise $30 million and $45 million in separate funds. Although the funds have not yet received external capital, according to the filings, there may already be informal commitments or funding through other channels. This launch occurs amid a resurgence of interest in crypto venture capital, even in the face of recent market volatility.

The cryptocurrency market has faced significant volatility in 2024, with record highs followed by sharp downturns, including a major crash earlier this week to an all-time l…

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