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Alan Howard Adds to Crypto Spending With Investment in Two Startups

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Alan Howard, the co-founder of the Brevan Howard hedge fund, has added to his spending on crypto with investments in two start-ups.

  • The billionaire led an extension of London-based crypto custody firm Copper’s Series B funding round that raised an extra $25 million, the Financial Times reported Friday.

  • In May, Copper raised $50 million in the round co-led by Dawn Capital and Target Global.

  • This news emerges only a day after Howard announced a $4 million investment in Asian crypto trading app Kikitrade.

  • Howard’s earlier spending in the crypto space includes investments into firms such as CoinShares and Canadian crypto lending firm Ledn.

  • It was reported in April that Brevan Howard was to make direct investments in cryptocurrency, allocating up to 1.5% of its main fund to crypto.

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