Metalayer, a cryptocurrency-focused investment firm, has raised $20 million in the first closing against its $25 million venture capital fund goal.
According to a recent Fortune report, early support for the fund came from institutional investors, including executives from Two Sigma Ventures.
Metalayer has attracted support from family offices and blockchain project directors, in addition to capital from Two Sigma Ventures executives. The fund expects to close the remaining $5 million by the end of the year.
Based on the report, the founding team includes Andy Kangpan, formerly the digital asset leader at Two Sigma Ventures, and Mickey Graham, who worked on blockchain initiatives after leaving Two Sigma.
Metalayer filed an application with the Securities and Exchange Commission (SEC) last week to establish a venture capital fund focused on cryptocurrencies. Based on the report, the company has already invested in three projects focused on blockchain.
The investments include Ethena, which focuses on income-generating digital assets; Crossover, a cryptocurrency exchange for institutional use; and Clear Token, a blockchain settlement platform.
Monkey Tilt secures $30 million for blockchain gaming expansion
Monkey Tilt recently raised $30 million in a Series A funding round to expand its blockchain-based gaming and entertainment platform. The round was led by Pantera Capital, with additional support from Polychain Capital, PokerGo and Hack VC.
Launched in March 2024, Monkey Tilt combines traditional casino games such as dealer craps and roulette with blockchain technology and cryptocurrency payment options. The platform also offers 24/7 sports betting and supports multi-currency betting.
The company highlighted its payment infrastructure, which allows users to place bets using various digital assets. This capability has made Monkey Tilt a hub for experienced players and newcomers exploring blockchain-based gaming solutions.
Monkey Tilt plans to use the new funding to improve the platform and develop a ripped cryptocurrency trading product scheduled for 2025. CEO Sam Kiki described the platform as a new gaming experience that meets the changing preferences of today’s players.
