C1 Fund Seeks to Purchase Private Shares at Discounted Prices from Australian Crypto Companies

According to Foresight News, cryptocurrency venture capital firm C1 Fund has met with several Australian venture capital companies, proposing to buy private shares from investors at a 50% to 80% discount from their previous valuations. C1 Fund is targeting crypto companies with a minimum valuation of $300 million in their last funding round, aiming to invest between $20 million and $50 million. Currently, the fund's targets include Animoca Brands, Chainalysis, and Immutable. C1 Fund is attempting to purchase secondary market shares of Animoca Brands at an 80% discounted price, approximately $500 million.