VC Firm Aglaé Ventures to Launch €100 Nillion Web3 Fund

Aglaé Ventures, the venture capital firm backed by LVMH chairman and CEO Bernard Arnault, is set to launch a dedicated crypto fund. Three people familiar with the matter confirmed Aglaé’s plan. The exact timing of its launch isn't clear, but two of those people said the fund will be between €100 million ($102 million) and €110 million in size. Previously, Aglaé Ventures made its first foray into crypto recently, co-leading a $30 million round for crypto market maker Flowdesk.