“We had a signed subscription doc in-hand, and their [limited partners] were blue chip firms that have impeccable reputations in the business,” she wrote in the letter dated Oct. 7. “In the months that have since passed, though, those LPs backed out and the investor was unable to meet its obligation.” She went on to say that Valkyrie was looking for other investors to step in.
Source: https://www.coindesk.com/business/2022/10/19/crypto-asset-manager-valkyrie-lost-the-biggest-investor-in-its-11m-funding-round/?utm_medium=referral&utm_source=rss&utm_campaign=headlines