Two Sigma Ventures Raises $400m Across Two Funds

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Today’s Cryptocurrency Headline

Two Sigma Ventures announced Wednesday that it raised $400 million through two of its funds. Two Sigma Ventures IV (TSV IV) will invest in early-stage startups and Two Sigma Ventures Opportunity Fund II (TSV Opps II) will invest in growth-stage companies. Approximately 85% of the new capital comes from external investors, primarily institutions such as college endowments, non-profit foundations, pension funds, and hospital systems, with the remainder of the capital coming from Two Sigma’s partners and senior employees. Two Sigma Ventures will use the two funds to invest across many industries including enterprise SaaS, fintech, techbio, consumer tech, crypto and defi, and more. 

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According to OKLink data, it is less than 6 hours before the Ethereum merger, and the remaining blocks are 1479. Bitcoin is down 1.05% over the last 24 hours and fell to an intraday low of $19,622.07. The relative strength index (RSI) is below the midpoint, indicating that the bears have an advantage. For now, the buyers must hold the price above the psychological level of $20,000 in order to avoid further decline.

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