VC firm Transform Ventures is partnering with digital asset fund Alpha Sigma Capital in a bid to raise $100M for two funds.

 

VC firm Transform Ventures is partnering with digital asset fund Alpha Sigma Capital in a bid to raise $100M for two funds.  The funds include a digital asset fund called Alpha Liquid and a closed-end venture fund called Aegean Fund.  The funds will be managed by Alpha Transform Holdings, a new holding company formed by merging some of Transform's assets with Alpha Sigma's.  Transform's founder Michael Terpin committed $2.65M from his personal wealth to the venture, with an option to make an additional investment of $2.9M.  The Aegean Fund will back early-stage startups in blockchain, AI, and emerging tech sectors.  Despite the recent fallout of crypto startups, Alpha Sigma CEO and founder Enzo Villani believes that "The real growth of blockchains and the real growth of Web 3 are starting to happen."