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- 12:22U.S. hedge fund veteran Jim Pallotta's family office plans to launch a new $200 million fund focused on blockchain and other cutting-edge technology sectors.ChainCatcher news, according to Bloomberg, the family office of American hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance (DeFi). According to sources familiar with the matter, Pallotta’s Raptor Group is acting as a major backer to support a namesake venture capital firm in raising its second fund—which focuses on cutting-edge technology fields such as blockchain. The sources, who requested anonymity, said Raptor Digital plans to raise $200 million from the family office and institutions. After returning principal to existing investors in the first fund, the new fund will officially launch in the coming weeks. The 67-year-old Pallotta, a former executive at Paul Tudor Jones’ hedge fund, not only invested in Raptor Digital’s first fund, which raised $60 million in 2023, but that fund also received backing from a division of Abu Dhabi’s Mubadala. Boston-based Raptor Digital (formerly RW3 Ventures, also focused on AI investments) declined to comment.
- 12:22Blockchain infrastructure and staking service provider Figment completes new funding round with participation from C1 FundChainCatcher reported that blockchain infrastructure and staking service provider Figment has announced the completion of a new round of financing, with participation from C1 Fund. The specific amount has not been disclosed. It is reported that Figment currently supports more than 50 blockchain protocols, and its staked digital assets have exceeded $17 billion.
- 11:48NextGen Digital plans to raise $2 million through a private placement to increase its holdings of TAO tokens.According to ChainCatcher, market sources report that Nasdaq-listed company NextGen Digital Platforms has announced it will issue up to 5,000,000 shares of common stock at a price of $0.4 per share, aiming to raise $2 million to support increasing its holdings of TAO tokens, and will generate revenue through staking.