Cryptocurrency venture capital firm Spencer Ventures has completed a $4.5 million fundraising, which will be fully used for investments in the NFT sector

Chain Catcher news, the crypto venture capital firm Spencer Ventures focused on NFTs, announced the completion of a $4.5 million fundraising round, with 30 investors mainly from Chicago and the Midwest, including some family offices.

Spencer Ventures founder Spencer Gordon-Sand stated that institutions looking to increase their exposure to digital assets are turning to NFTs, while most funds only offer exposure to Ethereum or Bitcoin. It is reported that Spencer Ventures is focusing on highly liquid NFT assets and has so far invested 20% of the total fund size. (source link)