1kx, a crypto investment firm specializing in ecosystem growth, has successfully oversubscribed its early-stage venture fund to support crypto projects. The fund, valued at $75 million, has attracted backing from well-known figures in the venture capital and crypto management sectors, including Marc Andreessen from a16z, Michael Novogratz’s Galaxy Digital, and Accolade Partners.

Accolade Partners is the main investor in the fund, although the exact stake remains undisclosed. The fund is expected to focus primarily on crypto consumer applications. 1kx has a history of supporting various crypto projects, particularly those focused on infrastructure solutions and decentralized finance, such as Gitcoin, Gnosis, and code4arena.

Founded in 2017 by Christopher Heymann and Lasse Clausen, 1kx operates as a venture capital firm specializing in early-stage investments in blockchain and crypto projects. The firm aims to provide support and funding to innovative startups leveraging blockchain technology. In addition to financial backing, 1kx also offers strategic guidance and networking opportunities to its portfolio companies.

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