Coinspeaker
Crypto VC Firm C1 Explores Acquisitions in Australia, Targets Animoca Brands and Chainalysis
Crypto venture capital firm C1 is making strategic moves to acquire private holdings in Australia’s crypto market, according to reports from local media, Australian Financial Review, citing a Pitch Deck seen by the company.
The firm, founded by former Coinbase executives, plans to utilize its $500 million fund to purchase secondary shares from prominent companies and local ventures, preferably those with a minimum valuation of $300 million from series C funding rounds.
C1 Eyes Animoca Brands and Chainalysis for Acquisitions
According to the report, the company has set its sights on Animoca Brands and Chainalysis for potential acquisitions, offering investors discounts ranging between 50% and 80% on their last valuation. The firm is ready to write checks ranging from $20 million to $50 million.
Animoca Brands, once listed on the ASX, has transformed into a $7.8 billion private enti

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