Former chief investment officer of Chorus One launches $20 million cryptocurrency fund Frachtis
According to online reports, Xavier Meegan, former chief investment officer of Chorus One, announced the launch of Frachtis, a US$20 million crypto-native seed pre-fund. Currently, there are five people in the fund. Xavier Meegan serves as general partner, and the other four jointly form the investment and advisory committee. Frachtis is reported to have invested in eight projects so far in the Pre-Seed and Seed Round stages, including Turtle Club and Hyve.
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