A San Francisco-based fund specializing in the crypto sector, Momentum Capita, has successfully secured a $10 million investment from Canada’s BM Fund.
As confirmed in a press release today, the investment deal was officially confirmed in July 2023.
The money they just received will help them hire more people and support new web3 projects that are just starting out. This fits with their goal of finding something in the crypto world that could be as big as ‘Apple’ was in the tech world.
Managing Partner of Momentum Capital, Gary said, “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value.”
Founder of BM Fund, Carmen said, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.”
The company’s skillful handling of tough market situations is clear in its smart partnership with the well-known BM Fund. This shows that investors have a lot of confidence in Momentum Capital’s ability to make good strategic decisions.
Considering the future stage of the crypto market cycle, Momentum Capital has expressed its readiness to increase its attention toward web3 opportunities.
Gary added, “As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.”
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