Global Millennial's fund has raised $100 million to focus on investing in the DeFi market.

CoinFeed reported on May 5th that Global Millennial Capital (GMCL) announced the completion of $100 million final funding for its first "IPO Opportunities Fund." Investors include family offices from Saudi Arabia, Kuwait, and Qatar, as well as international wealth management institutions. The fund will provide professional and institutional investors with investment opportunities in technology companies nearing liquidity events through a private placement. The fund primarily targets mid-sized technology companies with market capitalizations between $5 billion and $20 billion, focusing on areas such as artificial intelligence and DeFi technologies, and emphasizing companies with scalable business models, stable revenue structures, and mature governance systems. GMCL stated that these mid-sized technology companies are in the early stages of value realization but are often overlooked by large funds and early-stage investors.