Cathie Wood’s Ark Investment has raised $16.3 million for its new private crypto fund.
SEC filings revealed fundraising for two versions of the ARK Crypto Revolutions fund. Cathie Wood’s Ark Investment has raised its new private crypto fund.
Cathie Wood’s Ark Investment Raises $16.3M For New Crypto Fund
According to filings with the U.S. Securities and Exchange Commission on Wednesday, Cathie Wood’s Ark Invest has raised over $16 million for a new crypto fund split between a local and a Cayman Islands-based version.
ARK Crypto Revolutions US Fund LLC raised $7,281,630 from nine investors, and ARK Crypto Revolutions Cayman Fund LLC raised $8,993,330 from one backer.
Both funds were opened for investment on March 1 and the figures given are the total amount sold. For the overall target, Ark has been flagged indefinitely meaning the fund is open-ended.
Unlike many offerings from the Florida-based firm, these funds will be open to investment privately and open to only a small number of investors.
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