Morgan Creek Digital to Invest $500 Million in Blockchain and AI
12.07.2024 15:00 1 min. read Alexander Stefanov
Morgan Creek Digital plans to invest $500 million in AI, blockchain, semiconductor chips, and data through a new venture capital fund aimed at Europe, the Middle East, Africa (EMEA), and the Asia-Pacific (APAC) regions.
The goal is to drive technological innovation and expand their global investment portfolio.
The firm is engaging with potential investors from the EMEA and APAC regions, including sovereign and institutional investors.
Morgan Creek Digital’s global strategy focuses on leveraging the expected leadership of EMEA and APAC in AI and blockchain for substantial returns.
The fund will target AI, blockchain, chips, and data, with a particular interest in high-performance chips for AI training and Bitcoin mining. This approach aims to generate significant synergies, innovations, and returns.
Founded in 2018, Morgan Creek Digital has raised over $440 million and secured around 80 equity positions. This new fund highlights their commitment to global technological progress.
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