Vincent, a search engine for alternative asset investing created by the founders of Indiegogo, has raised $6 million in a funding round led by Jason Calacanis’s LAUNCH. Investment firms 8VC and Digital Currency Group (the parent company of CoinDesk) also participated.
Vincent had previously raised a $2 million seed round back in December of last year when the platform emerged from test mode.
Vincent tracked some $3.3 billion in investable opportunities last month and saw users deploy about $100 million in capital, the company said.
Crypto accounted for 12% of asset searches on Vincent in June of this year (the most popular was venture capital at 28%, followed by real estate at 26%). However, the trend was downward for crypto (-4%), which dropped out of the top five segments.
“There has been a small downtick for crypto in June and I think that’s in parallel with interest rate concerns and inflation concerns, so you’ve seen a little bit of a shift to yield-oriented assets, like real estate and debt in the last two months,” Vincent founder Slava Rubin said in an interview.
That said, the overall crypto growth trend is evidenced under the platform’s VC search umbrella, where startups focused on cryptocurrency and blockchain technology are leading, ahead of things like artificial intelligence and cannabis, Rubin added.
“When we launched in November, crypto wasn’t in the top five of sector searches in startups,” Rubin said. “But now it’s number one month after month.”