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Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise

The Reddit co-founder's 776 Management has raised two new funds and plans to make the majority of its investments in crypto startups.

By Ian Allison
Updated May 11, 2023, 4:05 p.m. Published Feb 1, 2022, 5:43 p.m.
Alexis Ohanian, co-founder and executive chairman of Reddit, speaks during the Annual Non-Fungible Token (NFT) Event in New York, U.S., on Wednesday, Nov. 3, 2021. NFT.NYC brings together over 500 speakers from the crypto, blockchain, and NFT communities for a three-day event of discussions and workshops. Photographer: Michael Nagle/Bloomberg via Getty Images
Alexis Ohanian, co-founder and executive chairman of Reddit, speaks during the Annual Non-Fungible Token (NFT) Event in New York, U.S., on Wednesday, Nov. 3, 2021. NFT.NYC brings together over 500 speakers from the crypto, blockchain, and NFT communities for a three-day event of discussions and workshops. Photographer: Michael Nagle/Bloomberg via Getty Images