One River Digital Raises $41M from Goldman Sachs and Coinbase

Full article by Helen Partz found here.

Key Points:

• One River Digital, a crypto centric hedge fund, has closed its first funding round after launching last year. Sebastian Bea, president of the fund, announced that the company had raised over $41 million in a Series A financing round from investors including Goldman Sachs, Coinbase Ventures, and Liberty Mutual Insurance.

• Bea states that the fresh capital will help the company increase investment opportunities to support the digital ecosystem. “We will use these funds to accelerate our scale across investments, distribution, and operations. These funds will help us better seek our purpose, which is to help institutions access and invest in the future of finance.”

• One River Digital was founded in 2020 and is well known in the cryptocurrency community. They have accumulated over $600 million worth of Bitcoin and Ethereum in late 2020 and have seen dramatic valuation increases during the dramatic bull run of 2021.

• The hedge fund has also established an academic and regulatory advisory council in March 2021, bringing on important industry experts such as Jay Clayton, the former chairman of the U.S. Securities and Exchange Commission.