Halo Capital, based in New York, was officially announced in early September 2024 and focuses on the digital asset ecosystem.

Fundraising for Halo Capital began in March, with the firm launching in June after successfully raising the initial capital.

Both founders previously worked at the crypto-focused private equity firm 10T Holdings, bringing valuable experience to their new venture.

Before entering the crypto sector, Howard specialized in computer science and AI, while Vaid gained experience at Goldman Sachs and Cerberus Capital Management.

Vaid emphasized the importance of a differentiated, research-driven investment approach, aiming to avoid biases seen in existing funds.

The founders have opted not to disclose specific investors or partners for Halo Capital due to privacy concerns.

The firm aims to apply a growth investor mindset to its investments, covering a broad spectrum of the crypto industry from Bitcoin to decentralized AI.

Howard pointed out that the lack of traditional growth equity investors in the crypto space presents a unique opportunity for their fund.

Halo Capital has assembled a team of about 20 partners, including company founders and research experts, to provide advisory support for its investments.

The fund has already made investments in several projects, including Bima Labs, which is developing a Bitcoin-backed stablecoin, and Andrena, a provider of decentralized infrastructure.

In addition, Halo Capital participated in a $2.5 million seed round for Bima Labs in July, further solidifying its commitment to the crypto sector.

Daniel Howard and Bhavin Vaid have launched Halo Capital, a new venture fund with an inaugural funding of $25 million, specifically targeting early-stage crypto projects.