Former FTX U.S. head is raising money for crypto startup
BNN Bloomberg
Former FTX U.S. President Brett Harrison is raising money for a crypto startup, according to people familiar with the matter.
Harrison has been seeking funding to create a crypto software company for more than a month and before Sam Bankman-Fried’s FTX filed for bankruptcy, according to the people, who spoke on the condition of anonymity because the discussions were private.
Various valuations were discussed over the course of weeks, and some people familiar with the matter said they were told the fund raising target could be as high as US$10 million for a US$100 million valuation. Harrison declined to comment.
The Information reported Harrison’s fund raising earlier Friday, adding that he was seeking US$6 million at a valuation of US$60 million.
