TLDR:
- Daniel Howard and Bhavin Vaid, former principals at 10T Holdings, have launched a new venture capital firm called Halo Capital with a $25 million inaugural fund.
- The fund is focused on bringing the mindset of growth investors to early-stage crypto projects, investing in the entire spectrum of the crypto industry from Bitcoin to decentralised AI.
British hedge fund billionaire Alan Howard’s son, Daniel Howard, and his colleague Bhavin Vaid have launched a new venture capital firm called Halo Capital with an inaugural fund of $25 million. The duo, previously associated with Web3 venture firm 10T Holdings, aims to bring the mindset of growth investors to early-stage crypto projects. The fund plans to invest across the entire spectrum of the crypto industry from Bitcoin to decentralised AI.
Howard and Vaid have kept the names of their about 20 partners private for now. They started fundraising in March and officially launched the firm in June. Halo Capital has already made investments in projects like Solana-based DePIN and Bitcoin-based stablecoin issuer Bima Labs. Vaid stressed the importance of their differentiated and research-driven approach to early-stage crypto investing, aiming to stand out from existing funds in the space.
Before entering the crypto industry, Howard had a background in computer science and artificial intelligence, while Vaid worked at Goldman Sachs Group and Cerberus Capital Management. The duo’s new venture is focused on making strategic investments in the rapidly growing digital asset market, signaling a shift towards a more generalist fund approach across the entire crypto ecosystem.
