Pluto Digital Assets raises cUSD40m in third funding round
Pluto Digital Assets (Pluto), a crypto venture capital and technology company has closed its third and largest funding round to date.
The round was led by Argo Blockchain which will be maintaining its c25 per cent stake with an investment of approximately USD10 million. Two other publicly traded companies, Pires Investments (PIRI.L) and Riverfort Global Opportunities (RGO.L) amongst others, participated in the total raise of cUSD40 million.
Pluto Digital Assets has been actively deploying capital into new token issuances at seed level, incubating projects, taking equity positions and holding strategic and treasury positions in digital assets. The senior team has significant experience of investment management and venture capital, trading, digital assets, start-ups and decentralised finance (DeFi). They have also formed extensive networks within the Web 3.0 Ethereum, Polkadot and DeFi communities and have experience of launching Web 3.0 projects such as YOP. Pluto is also engaged in the non-fungible token (NFT) collectables market and is actively curating a private collection, with the first pieces to be unveiled shortly.
In addition, Pluto will generate income from its operational activities of running nodes, mining, staking, liquidity provision and via its engagement with other DeFi protocols. With its relationships with many leading launchpads, the Company is optimally placed to help projects deliver on their growth strategies.
Pluto Director, Atif Yaqub says: “This is a period of unprecedented opportunity to fill a void in the London markets, bringing a blend of traditional and crypto venture. We are delighted with the results of the fundraise which was heavily oversubscribed and thank our existing shareholders for their support and welcome our new investors. The funds give us the firepower for an aggressive push to become a leader in decentralised technology investment. We’re already engaged with an epic constellation of projects in the digital assets space and look forward to helping them bring their vision to fruition.”