VanEck Launches $30 Million Early-Stage Fund

VanEck, a prominent investment management firm with over $118 billion in assets, has launched VanEck Ventures, a $30 million fund targeting early-stage startups at the intersection of fintech, digital assets, and artificial intelligence. The new venture will be led by former Circle Ventures executives Wyatt Lonergan and Juan Lopez, who have extensive experience in investing in early-stage companies. VanEck Ventures aims to make between 25 to 35 investments, with each ranging from $500,000 to $1 million, focusing on projects related to tokenization and stablecoin platforms. This strategic move marks VanEck's expansion into venture capital, complementing its existing offerings of crypto exchange-traded funds (ETFs). The firm plans to leverage its long-standing investment philosophy to support innovative founders and emerging technologies. As part of this initiative, VanEck Ventures has already made investments in four projects, highlighting its commitment to fostering growth in this rapidly evolving market.