TechFlow reported, according to CoinDesk, that C1 Secondaries Fund, a private equity fund with $500 million in total assets, plans to invest in crypto companies Animoca Brands and Chainalysis.
The fund is prepared to provide between $20 million and $50 million in funding to crypto firms valued at over $300 million. The last funding round for Animoca Brands was priced at approximately $4.50 per share, while the C1 Fund is offering $1.12 per share—about 75% lower than the recent valuation.
The fund also plans to purchase shares in Chainalysis at a price 63% below the current valuation.
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