Former CoinShares CSO Meltem Demirors seeks to raise $75 million for two new venture funds: filings
Quick Take
- Former CoinShares CSO Meltem Demirors is listed as the Managing Member of the General Partner for two new venture funds.
- The funds, Crucible Capital Fund I and Crucible Capital Fund 1-A, seek to raise a combined $75 million.
Meltem Demirors, former chief strategy officer of the digital asset manager CoinShares, is seeking to raise $75 million for two new venture funds, according to filings with the Securities and Exchange Commission.
The two new funds are called Crucible Capital Fund I and Crucible Capital Fund 1-A, according to the filings. They seek to raise $45 million and $30 million respectively. Demirors is listed as the Managing Member of the General Partner for both funds. Fortune first reported on the filings.
Demirors served as CoinShares CSO from May 2018, leaving the position in January 2024. She still serves as the Director of the University of Oxford's Blockchain Strategy Programme, according to her LinkedIn.
Crypto venture funding
According to The Block Research, 759 venture funding deals exceeded $3.2 billion in the second quarter of 2024, an 8% increase from the previous quarter.
This year's second quarter saw an increase in the number of deals for Early Stage, Pre-Seed, Seed and Pre-Series A raises. However, early-stage companies, in particular, saw a decrease in the total amount invested, decreasing from $1 billion in 2024's first quarter to $828 million in 2024's second quarter.
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