Fund C1 Explore New Horizons with
Potential Agreements in Australia
Crypto VC Firm C1 Fund, Partnered With Minds
Coinbase teachers, is exploring opportunities in Australia,
taking advantage of the market slowdown.
The company is rumored to be actively seeking undervalued assets and has
contacted Australian venture firms, offering to buy
private participations with substantial discounts, between 50 and
80%. This strategic approach could allow Fund C1 to acquire assets
valuable at attractive prices, boosting its portfolio in the region.
Pitch deck reveals C1's interest in supporting
crypto companies with valuations over $300 million in
subsequent Series Cy financing rounds. V checks are planned to be issued
substantial funds, between $20 and $50 million, to support the
growth of these companies.
A clear example is Animoca Brands, based in Hong Kong, and the
forensic company Blockchain Chainalysis, both in C1's sights. This
strategy could provide an essential boost to affected companies
due to the recent market slowdown.
Despite C1's cautious approach, challenges are evident in a
volatile crypto market. Companies like Animoca Brands and Chainalysis have
experienced significant drops in its valuations, with the first
seeing a 75% drop from its private valuation plus
recent.
This reality highlights the need for accurate risk assessment and
the opportunity on the part of C1, balancing growth ambition
with market volatility.
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