A100x Launches $50 Million Fund for AI and Blockchain Startups

A100x has announced its second fund, a $50 million initiative aimed at supporting early-stage companies in artificial intelligence (AI), digital assets, and blockchain. Announced in a press release, the fund is designed to foster the next generation of companies developing applications and middleware to address real-world challenges.

The fund is backed by institutions, family offices, and industry executives, and has been operational since mid-2024, already making 15 investments. Notable early investments include companies like Blockdaemon, Coreweave, and Nansen. The current fund has also backed projects such as the Anymal Foundation and Testudo, which focus on innovative solutions in their respective fields.

Partners Nisa Amoils and Sal Ternullo, along with venture partner Frank Amato, lead the fund. They bring extensive experience in venture investment, digital assets, and emerging technologies, aiming to provide more than just capital to their portfolio companies.