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TechFlow news, according to The Block, following the success of its first two funds, crypto accelerator Alliance is raising its third fund. Sources indicate that Brevan Howard Digital and Galaxy Digital have each committed $10 million to Alliance Fund III. The fund aims to raise an additional $80 million before July, with a fundraising cap of $100 million. The fund is expected to invest $500,000 in each startup.
According to The Block, following the success of its first two funds, crypto accelerator Alliance is raising its third fund. Brevan Howard Digital and Galaxy Digital have each invested $10 million in Alliance Fund III, sources revealed. The fund aims to raise another $80 million before July, with a cap of $100 million. It is expected to invest $500,000 in each startup.
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