San Francisco-based crypto-native fund Momentum Capital has secured an investment of $10 million from Canada's BM Fund. In a Monday press release, the company revealed that it acquired the new funding in July this year. The investment will be used to expand Momentum Capital's team and support early-stage Web3 projects, as the fund seeks to uncover the next groundbreaking company in the crypto industry, often referred to as the "Apple" of cryptocurrencies. BM Fund founder, Carmen, explained that their decision to invest in Momentum Capital during bear markets is attributed to the fund's proficiency and performance. Momentum Capital has emphasized its readiness to focus on Web3 opportunities.
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