USA – Fortis Digital, a Bellevue, WA-based blockchain investment firm, announced the closing of a $100 million raise for its crypto fund.
the fund aims to bridge the gap between TradFi and DeFi, bringing investors closer to Web3 opportunities. Fortis Digital invests in innovative, secure, and scalable software projects built by the brightest engineers.The newly founded team is comprised of hedge fund veterans and technology experts, including: Mike Boroughs, co-founder of an RIA with $250M in AUM, and Chris Capriccio, former LegalZoom VP of Engineering who created the tech stack which culminated in the company’s 2021 IPO. Additionally, the founders added Cameron Sikes, former founder of Deep Ellum Capital, to head up Business Development and Web3 Evangelization.The firm utilizes a 100-point evaluation due diligence process to conduct fundamental analysis of business structure and leadership, technology, and tokenomics reviews to determine which coins have the most favorable risk-reward profile. A market analysis is also performed to determine entry and exit points, allowing portfolio exposure to be adjusted as market conditions evolve.18/05/2022
