Stillmark targeting $500 million raise for new bitcoin credit fund - BitcoinEthereumNews.com
Bitcoinस्टिलमार्क ने नए बिटकॉइन क्रेडिट फंड के लिए $500 मिलियन जुटाने का लक्ष्य रखा है04 / 05 / 2022बिटकॉइन एथेरियम समाचार Alyse Killeen‘s Stillmark is trying to raise about $500 million for a new credit fund dedicated to lending capital to companies operating in the bitcoin market, according to sources familiar with the firm’s plans. Launched in 2019, Stillmark is a venture capital firm focused on backing companies investing in bitcoin and Lightning Network infrastructure. The firm‘s portfolio companies include Satoshi Energy, Casa, and Lightning Labs. The firm’s managing partner and founder previously held positions at venture capital firms including Clearstone Venture Partners and March Capital Partners. As for the new fund — dubbed the Stillmark Credit Fund — it will offer companies in the Bitcoin space with debt “as they grow their transaction and payment processing capabilities, [a] critical inflection point that requires liquidity,” according to a deck reviewed by The Block. अपना क्रिप्टो दैनिक संक्षिप्त प्राप्त करेंn दैनिक वितरित, सीधे आपके इनबॉक्स में। On Wall Street, credit funds lend out capital to companies in return for interest payments. For investors, they offer a less risky return than a traditional hedge fund or venture fund structure, while providing a way for startups to have access