A company called Metalayer has filed documents with the U.S. Securities and Exchange Commission (SEC) to set up a $25 million investment fund. According to people familiar with the matter, Metalayer's co-founders are three senior people from Two Sigma Ventures. It is reported that Metalayer has completed its first fundraising last Friday, with a committed capital of $20 million, and plans to complete the full fundraising by the end of the year.
According to sources, Metalayer's initial funding came from some executives of Two Sigma Ventures, but there will be no formal relationship between the two companies. Two Sigma is known for its hedge funds and manages about $60 billion in assets. Metalayer has also raised funds from other supporters, including family offices and other executives of crypto protocols. (Fortune)