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6th Man Ventures Raises $145M for Crypto Fund: Report
It’s the second fund for the venture capital firm led by The Block founder Mike Dudas.
By Brandy Betz
Updated May 11, 2023, 6:51 p.m. Published May 12, 2022, 1:28 p.m.
6th Man Ventures has raised $145 million for its second crypto fund, which will focus on early-stage investments, according to a report at The Block.
- Limited partners for the new fund included Galaxy Vision Hill, Three Arrows Capital, Sino Global Capital, FTX Ventures and Animoca Brands, as well as a group of angel investors – hedge fund billionaire Bill Ackman and Andreessen Horowitz partners Marc Andreessen and Chris Dixon among them.
- According to the report, around 20 investments have been deployed so far from this new fund, which focuses on early-stage projects and will write checks of $1 million to $2 million for each deal.
- Dudas, who left his role as The Block CEO last year for stablecoin firm Paxos, said the 6th Man's first fund had $7.4 million in capital and invested in 75 projects with an average check size of $100,000.
- Despite the turbulent start to 2022 for digital asset prices, venture capital deals have marched on. Recent raises have included a $650 million fund from Dragonfly Capital, $200 million from Blockchain Coinvestors and $250 million vehicle from SPiCE VC.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
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- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
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