Crypto Accelerator Alliance Secures Strategic Long-Term Investment From Founders Fund

According to Foresight News, the crypto accelerator Alliance has secured a strategic long-term investment from Founders Fund, a venture capital fund under Peter Thiel with an asset management scale exceeding $12 billion. The scale of the investment has not been disclosed. As part of the investment, Founders Fund will provide support for Alliance's portfolio companies. Alliance is currently raising its third fund. Earlier this month, as reported by The Block, Brevan Howard Digital and Galaxy Digital each invested $10 million in the initial fundraising of Alliance Fund III. The fund plans to raise an additional $80 million before July. Joey Krug, a partner at Founders Fund, stated that while Founders Fund did not invest in Alliance's fund, it did take a stake in the accelerator.