Cryptocurrency Hedge Fund BlockTower Raises $140 Million
- Union Square, Andreessen said they are backing BlockTower
- Firm started by money managers from Goldman, Chicago endowment
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BlockTower Capital, a digital currency hedge fund launched in August, raised $140 million and hired a former vice president at Goldman Sachs Group Inc., expanding its team to eight people, according to people familiar with the matter.
The money manager, which is based in Stamford, Connecticut, has raised capital from family offices and other institutions such as venture capital firms, the people said.