TechFlow news, October 6 — According to Bloomberg, Jim Pallotta, a veteran from the U.S. hedge fund industry, is expanding his family office's investment in decentralized finance.
Pallotta's Raptor Group is a major backer of the second fund of its namesake venture capital firm, which focuses on investments in new technologies including blockchain. According to sources, Raptor Digital is seeking to raise $200 million from family offices and institutional investors, with the fund set to launch in the coming weeks.
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