# Argo Blockchain Takes 25% Stake In $40M Crypto VC Fund

By Coinness

Canonical URL: https://www.tokenpost.com/news/investing/7361
Published: 2021-03-12T06:06:04.000Z
Updated: 2021-03-12T06:06:04.000Z
Section: Investing

> Crypto venture capital firm Pluto Digital Assets has raised a $40 million fund with U.K.-listed Argo Blockchain (LON: ARB) as its lead investor.

Crypto venture capital firm Pluto Digital Assets has raised a $40 million fund with U.K.-listed Argo Blockchain (LON: ARB) as its lead investor.

In an announcement Wednesday (March 10), Pluto said it now has $50 million in assets under management after launching earlier this year. Argo Blockchain will be maintaining a 25% stake in the new fund with an investment of $10 million.

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