Alan Howard’s son secures $25m for crypto venture fund

Daniel Howard and Bhavin Vaid have founded Halo Capital, a $25 million venture fund focused on early-stage crypto projects in the digital asset ecosystem.

Daniel Howard, son of British hedge fund billionaire Alan Howard, and his colleague Bhavin Vaid have raised $25 million for Halo Capital, a new venture capital fund focused on early-stage projects in the digital asset sector, Bloomberg has learned.

Howard and Vaid declined to name Halo’s investors and partners due to privacy concerns, with Howard acknowledging that family history played a role but stressing that Halo’s unique approach was key to attracting investors.

The report stated that the New York-based fund will invest in the entire digital ecosystem, and that its area of ​​interest includes decentralized artificial intelligence as well as Bitcoin-based products.

“Our ability to take a differentiated approach, a research and data-driven approach, will be vital.”

Bhavin Vaid, co-founder of Halo Capital

Halo focuses on different approach

Halo has invested in a variety of projects, including Bima Labs, developer of the Bitcoin-backed stablecoin USBD, and Andrena, a wireless internet provider focused on developing a protocol for decentralized physical infrastructure networks to deliver broadband. The fund has also hired 20 partners to advise it and its portfolio companies.

Stressing the need for a research-focused approach, Vaid noted that “a lot of the existing funding in the space may be biased based on other investments they may have made in the last three to five years.”

Already a prominent crypto advocate, Alan Howard helped launch Brevan Howard’s crypto arm BH Digital in 2021. In mid-July, crypto.news reported that Brevan Howard Asset Management’s crypto fund had gained 20% in the first half of 2024, driven by rising institutional interest amid rising crypto prices.