According to a report on December 10th by the Australian Financial Review, the crypto investment fund C1 Secondaries Fund, which manages assets worth 500 million dollars, is seeking to acquire stakes in various crypto companies, including Chainalysis and Animoca Brands.
C1 in particular has offered to invest in these two companies with a discount ranging from 50% to 80% on their latest valuation, for a total check value between 20 and 50 million dollars.
We still don’t know if Chainalysis and Animoca Brands will accept the request from the well-known investment fund, which is highly respected within the crypto community due to their previous experience in the Silicon Valley and UAE markets.
Let’s see all the details below.
Summary
The C1 Secondaries fund wants to invest in the crypto companies Chainalysis and Animoca Brands
A report from the Australian Financial Review on December 10 highlighted how the crypto investment fund “C1 Secondaries Fund” would be interested in purchasing shares of two leading companies in the crypto sector, namely Chainalysis and Animoca Brands.
According to what emerged, the venture capital with a capital of 500 million dollars wants to take advantage of the positive trend marked in 2023 by the cryptocurrency markets to acquire participation in the most established companies in the sector.
Its goal is to invest in private shares of the latter with a discount ranging from 50% to 80% of their last valuation, with a check budget between 20 and 50 million dollars.
In the report, it is understood that the C1 fund wants to focus on entities that have a minimum valuation of $300 million in their latest financing round, preferably series C and later.
Chainalysis and Animoca Brands fully meet the described requirements and offer a very high growth potential for the overall outlook of the crypto industry.
Continuing, we can read what his strategy is, as recalled by Dr. Najam Kidwai, co-founder and managing partner of the VC.
“Due to the current market conditions in public and private markets, hyperinflation, and rising interest rates, we believe that the digital asset market offers very interesting valuations in the secondary market.”
C1’s investments could be a boon for the entire web3 sector as the fund has a strong presence and past experience in the Silicon Valley and UAE markets.
Its two founders Najam Kidwai and Michael Lempres have held prestigious positions in the international finance world in the past, including executive roles at Coinbase, advisors for important startups, and entrepreneurs in Asian and Western fintech companies.
Among other things, the two have previously invested in Stripe, Robinhood, A16z, and have also worked as consultants for the United States government on market regulation issues.
At the moment, neither Chainalysis nor Animoca Brands, the two companies under C1’s scrutiny, have responded to the fund’s advances.
More information about Chainalysis and Animoca Brands
As mentioned, the interest of the crypto investment fund “C1 Secondaries Fund” in acquiring shares in Chainlysis and Animoca Brands is motivated by the potential and reputation that these two companies enjoy within the cryptographic industry.
The recent surge in the crypto market, led by the success of Bitcoin which last week reached the $40,000 mark, gives hope that those working in the sector can achieve excellent results in the coming years.
Going into more detail, Chainalysis represents the most prestigious company in the world of blockchain analysis, which constantly collaborates with institutions and federal entities to identify dirty money flows and block illicit activities.
Founded by Michael Gronager, Jan Moller, and Jonathan Levin in 2014, the New York-based company is always at the forefront among crypto transaction trackers when hacks or serious financial crimes are announced.
Thanks to its Reactor, Address Screening, KYT, and other products, Chainalysis is able to consistently trace the source of a long series of transactions on the Bitcoin blockchain and EVM networks, which conceal the identities of many cybercriminals.
Recently, Chainalysis managed to stop a major Fentanyl trafficking in the United States and prevent Hamas from financing the war in Israel with cryptocurrencies.
In addition, in June of this year, it showcased to the public how various money launderers were using bitcoin mining to clean proceeds from illegal activities.
On the other hand, Animoca Brands represents a software development company based in Hong Kong, which stands out for a wide range of crypto projects in its web3 portfolio with an AUM of 2.2 billion dollars.
Among the most important names in the portfolio, we find Yuga Labs, Axie Infinity, Polygon, Consensys, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, Alien Worlds, and many others.
The company, founded in 2014 by Yat Siu, is now focused on blockchain games and free-to-play PC and mobile applications based on NFT.
In this field, Animoca boasts having developed and distributed games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes.
The company also offers several non-fungible token licenses that guarantee a continuous royalty on sales in secondary markets.
His mission in the crypto world is to create a new class of assets and circular economies that allow users to participate in a more equitable digital framework that contributes to the construction of the open metaverse.
Recently Animoca has become one of the official validators of the Toncoin network, further expanding its prestigious presence in the cryptographic sector.
