Scenius Capital, a company specializing in investing in emerging venture capital funds in the digital currency sector, announced the closing of a funding round worth $20 million, described as "a bit above the target," amidst a challenging fundraising environment during 2024 and 2025.
🔹 According to co-founder "Ben Jacobs," Scenius focuses on investing in emerging fund managers in early stages, who have specialized expertise in specific areas or geographic regions within the digital currency ecosystem.
> "We believe that the best returns will come from those managers in their early stages," said Jacobs.
🔹 Co-founder "Greg Dinchely" added that this successful closure is evidence of market confidence in the integrity and quality of Scenius's work, at a time when the sector faces financing challenges.
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🤝 Strategic partnership with ParaFi
Scenius also revealed that ParaFi has acquired a strategic stake in the company, in a move that will support its expansion into new areas such as Token Capital Markets Advisory.
> "We are excited to work with ParaFi, and we consider them a long-term and trusted institutional partner," said Jacobs.
For his part, "Ben Forman" from ParaFi said:
> "Scenius has established itself as a leader in cryptocurrency fund of funds, and we are proud to support them in their upcoming expansion stages.