July 18, 2024
Truvius, a Crypto Investment Platform with both active and passive offerings, has successfully secured $3.2 million in a pre-seed funding round. The round was spearheaded by Galaxy Ventures.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Truvius | $3.2M | July 18, 2024 | Pre-Seed | Galaxy Ventures | FinTech |
The funding round also saw participation from other investors such as New Form Capital, Chainview Capital, and several anonymous angel investors, as announced by Truvius on Thursday. The company, which was established in 2022, is set to launch its investment platform today, as stated by Connor Farley, the co-founder and CEO of Truvius.
About Truvius
Truvius serves as a cryptocurrency investment platform catering to both individual and institutional investors. It provides standalone indices and model portfolios that are specific to the size and sector of the cryptocurrency, which are allocated to several underlying indices.
Max Freccia, who has previously served as a quantitative specialist at AQR, is another co-founder of Truvius and also holds the positions of chief operating officer and chief financial officer. According to Connor Farley, Truvius has developed its own unique technology stack for separately managed accounts (SMAs) and provides its own investment strategies. He further added that the firm, which is based in Boston, is a registered investment advisor with the U.S. Securities and Exchange Commission.
Website: https://www.truvius.io/
About Investor
Investor: Galaxy Ventures
Galaxy Ventures is a venture capital firm that invests in protocols, solutions, DeFi, and web3 infrastructure1. The firm operates under the principle of capital for a new economic paradigm. Their portfolio of investments is stage-agnostic, spanning various sectors such as protocols, scaling solutions, DeFi, and web3 infrastructure. Galaxy Ventures believes that the next generation of the Internet will incorporate a permissionless financial layer, providing people with autonomous access to economic and communal opportunities.
The firm is composed of a multi-disciplinary team of crypto-natives and experienced investors. They offer a full suite of services spanning their global crypto business operations. Galaxy Ventures also provides market intelligence through their deep network of operators with expertise in every pocket of the industry.
Location: Belmont, CA
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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