TLDR:
- Alan Howard’s son, Daniel, and Bhavin Vaid have raised $25 million for Halo Capital, a venture fund focused on early-stage crypto projects.
- Halo Capital has a unique approach, investing across the digital asset ecosystem, including Bitcoin-centric products and decentralized artificial intelligence.
Daniel Howard, the son of British hedge-fund billionaire Alan Howard, has teamed up with colleague Bhavin Vaid to launch Halo Capital, a $25 million venture fund targeting early-stage projects in the digital asset sector. While the duo has not disclosed Halo’s investors and partners due to privacy reasons, they emphasize that the fund’s distinct approach is what sets it apart and attracts investors. Based in New York, the fund will invest in a variety of projects within the digital ecosystem, including Bitcoin-centric products and decentralized artificial intelligence.
Halo Capital has already made investments in projects like Bima Labs and Andrena, focusing on Bitcoin-backed stablecoins and decentralized physical infrastructure networks. With 20 partners on board to provide advice, Halo aims to take a research-driven approach to its investments, distinguishing itself from other funds in the space that may be biased based on their past investments. Alan Howard, a well-known crypto backer, previously established Brevan Howard’s crypto arm, BH Digital.
In mid-July, Brevan Howard’s crypto fund saw a 20% gain in the first half of 2024, driven by increased institutional interest amid rising crypto prices. Halo Capital’s innovative approach and strategic investments indicate a promising future for the fund in the competitive crypto landscape.
