As a researcher with a background in technology investment, I find Morgan Creek Digital’s announcement of raising $500 million for a new fund focused on AI, blockchain technologies, chips, and data opportunities to be an exciting development. With my experience in observing market trends, I believe that this move comes at an opportune time, given the increasing investment in these sectors, particularly in regions like EMEA and APAC.
A North Carolina hedge fund led by Morgan Creek Digital is planning to amass approximately half a billion dollars for a fresh investment vehicle. The primary focus of this fund will be putting resources into cutting-edge sectors such as artificial intelligence (AI), blockchain technology, semiconductors, and data-related opportunities.
Based on the announcement in a press statement, Morgan Creek’s latest investment fund is planned to put resources into emerging businesses that integrate artificial intelligence (AI) capabilities with blockchain technology and relevant hardware, in order to unlock potential value from data.
Morgan Creek To Raise $500M for New Fund
Morgan Creek is on the hunt for technology with applications spanning various industries. For instance, they’re interested in advanced chips capable of powering Bitcoin mining operations as well as enhancing artificial intelligence model training in data centers.
The hedge fund manager is currently in discussions with various partners: sovereign and institutional investors, as well as corporate executives, spanning multiple continents such as Europe, North America, the Middle East and Africa (EMEA), and Asia-Pacific (APC). With the launch of a new fund, they plan to broaden their geographical reach.
Morgan Creek Digital’s General Partner, Mark Yusko, expressed that due to the worldwide scope of Web3, his team would devote more efforts towards forging connections with exceptional CEOs and partners in international markets.
Morgan Creek holds the conviction that the European, Middle Eastern, and Asian-Pacific (EMEA and APAC) regions, with a focus on the Middle East, are set to take the helm in technological innovation as they significantly increase their investments in artificial intelligence (AI) and blockchain technologies.
Since its founding, this venture capital firm has amassed over $440 million in funds. They anticipate that investments in generative AI technology in APAC countries could potentially triple, while EMEA nations may witness a 40% increase in capital infusion into similar sectors. The resulting growth in these regions is estimated to bring about an additional $30 billion in new investment by the next year.
The Resurgence of Crypto VC Market
As a researcher studying the crypto venture capital market, I’ve noticed an uptick in fundraising activity this year, with more deals being closed than in the previous year, particularly for early-stage companies. According to a recent report by Galaxy Research, the first two quarters of 2024 have already seen billions of dollars raised through various deals.
In the initial three quarters of 2022, crypto venture capital investments reached their highest point, with approximately $2.5 billion being raised through 603 deals. However, the ensuing quarters witnessed a downward trend in investment volumes. The first quarter of 2024 marked an increase in funds raised, totalling $3.2 billion from 577 deals. Notably, Q2 2024 experienced even more impressive numbers despite a slight decrease in deal count.
As the anticipated bull market approaches this year, investors might be grappling with a sense of urgency to get in on the action due to FOMO (Fear of Missing Out), leading to increased competition and potentially record-breaking deal volumes and funds raised.
Read More
- AAVE PREDICTION. AAVE cryptocurrency
- TBTC PREDICTION. TBTC cryptocurrency
- GFI PREDICTION. GFI cryptocurrency
- USD TRY PREDICTION
- FLOKI Price Explodes: Here Are 4 Reasons Why
- YFI PREDICTION. YFI cryptocurrency
- Monster Hunter Wilds showcases the Heavy Bowgun
- Dustborn Review – Words Hurt
- Rifle Gaming: Fallout 76’s Next Huge Update Revealed
- BABYGROK PREDICTION. BABYGROK cryptocurrency
2024-07-14 23:14