Tiger Global Management’s venture fund experienced a 20% loss in 2022 due to negative revaluations on investments in crypto startups.
This figure includes the company’s stake in Yuga Labs, Helium, MoonPay, Worldcoin, and OpenSea, which saw a value decrease from $126.8 million to $30.2 million.
The fund’s investments in the FTX exchange, which went through bankruptcy proceedings, depreciated fully. In October 2021, the fund had raised $12.7 billion, a majority of which was invested in SaaS companies, followed by fintech and cryptocurrencies.
Altogether, Tiger Global has supported around 250 startups, with 170 of them being valued lower than the initial investment.
In January 2023, the company participated in a $60 million Series B round for blockchain infrastructure provider QuickNode.
