Jump Capital, a major venture capital enterprise from Chicago, announced on the 14th that it has raised about $350 million to invest in fintech, crypto, and other startups.
Founded in 2012, Jump Capital invests mainly in the fields of fintech and enterprise software. The company has also invested in various cryptocurrency-related companies such as BitGo, 0x, and BlockFi, and recently invested in projects of the Solana (SOL) ecosystem such as DeFi Land and Saber Labs.
With a new fund now at hand, its seventh since launching nine years ago, the company said it will continue to invest in ventures such as B2B/SaaS, commerce and media, IT/Data Infra, fintech, as well as the crypto and blockchain ecosystem.
In addition to the new fund, Jump Capital’s sister company, Jump Trading, announced that it has established a new cryptocurrency division, Jump Cryptol. Jump Trading is a proprietary trading company that manages methods such as high-frequency trading and is also active as a market maker of digital currencies.
In its latest blog post, announcing the wrap up of its $350 million fund, the company wrote:
“Our conviction in crypto has rapidly grown as we witness the convergence of market adoption with both retail and institutional participants, the speed of entrepreneurs to build and iterate and the collision of traditional & digital worlds.”
The company informed that its team has made several investments in infrastructure that supports cryptocurrencies adoption including global exchanges, compliance software, and asset management platforms.
Now with the latest fund at hand, Jump Trading has been looking to invest in crypto-related fields such as DeFi, Web 3.0, blockchain, and financial applications. The blog post read:
“Ultimately, we believe that we are in the early stages of this technology innovation and accordingly have dedicated the team and resources in this new fund to enable these entrepreneurs.”
In August, Jump Trading acquired Berlin-based blockchain engineering company Certus One to expand its cryptocurrency business. Certus One was also the core developer of Wormhole, a token bridge between Ethereum (ETH) and Solana (SOL).
Jump Crypto will specialize in developing software infrastructure mainly in areas such as blockchain systems, cryptocurrency trading, and market-making.