Even as crypto companies line up in droves to go public, venture capital firms that back blockchain startups have struggled to drum up cash amid a broader dry spell for funds. One exception is Chicago-based CMT Digital, which has managed to secure a sizable new stash of capital, investment partner Sam Hallene told Fortune.
The digital-assets-focused VC firm has raised $136 million for its fourth venture fund, he said. The fundraise closed in early October and attracted a mix of family offices, high-net-worth individuals, and some larger institutions. Hallene declined to name specific contributors.
