In the $11.15 million financing announced by Valkyrie in June, the largest investor backed out

2022-10-20 08:54:54

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ChainCatcher news, the cryptocurrency asset management company Valkyrie Investments recently revealed that the largest investor in the 11.15 million dollar strategic financing announced by Valkyrie in June has withdrawn and failed to fulfill its obligation to provide funding. Valkyrie is currently seeking new investors to fill the gap.

Valkyrie CEO Leah Wald mentioned in a letter that an entity from the CSA Evolution VC Fund is no longer able to provide the 5 million dollars for the deal. She stated, "We have a signed subscription document on hand, and their limited partner is a blue-chip company with an impeccable reputation in the business, and the withdrawal of the limited partner has led to the investor's inability to fulfill its obligations." (CoinDesk)

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Valkyrie investment and financing

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