Lennertz & Co. Seeks to Raise $165 Million for Third Crypto-Focused Fund of Funds

German investment firm Lennertz & Co. is making waves in the blockchain space as it aims to raise a whopping $165 million for its third crypto-focused fund of funds. With a track record of successful investments in the blockchain industry, Lennertz is positioning itself to become one of the largest players in this rapidly growing sector.

Founded in 2015, Lennertz has been actively investing across various asset classes, including private equity and traditional venture capital. The firm made its foray into the blockchain space in 2016 and has since launched two successful funds of funds, totaling $100 million. Now, with its third fund, Lennertz is looking to further expand its presence in the crypto market.

Unlike traditional investment firms, Lennertz focuses on investing in other firms rather than directly in portfolio companies or token deals. This strategy has proven to be successful, especially during times of market volatility. Oksana Tiedt, head of fund investments at Lennertz, highlighted the firm’s strong performance in the crypto sector, with impressive returns from its previous funds.

In its latest fund, Lennertz plans to invest in eight to ten blockchain-focused venture capital funds, with a focus on both European and U.S. markets. The firm has already secured investments in well-known funds such as Polychain and Bain Capital’s crypto fund, showcasing its commitment to backing top players in the industry.

Despite the challenges and regulatory uncertainties that come with investing in the crypto sector, Lennertz remains confident in its investment thesis. With a base of around 40 families, mostly entrepreneurs, supporting its endeavors, the firm is well-positioned to capitalize on the growing opportunities in the blockchain space.

As Lennertz gears up to raise $165 million for its third fund of funds, it joins a growing list of crypto funds attracting new capital. With dry powder accumulating on the sidelines, the crypto sector shows no signs of slowing down, making it an exciting time for investors looking to capitalize on the potential of blockchain technology.