Prometheus Alts Raises $5M in Seed Funding

Prometheus Alternative Investments

Prometheus Alternative Investments, Inc., a Los Angeles, Calif.-based fintech startup, raised $5M in seed funding.

The round was led by 8VC/Joe Lonsdale with participation from a diverse set of prominent investors including Kyle Bass (Hayman Capital), Gaingels, John Quinn (Quinn Emanuel), Gil Weisblum (family office of Barry Diller), Jared Rothman (family office of Dennis Washington), Thane Ritchie, Curtis Macnguyen (Inflection Capital & Ivory Capital), Kim Kolt (For Good Ventures), Alok Agrawal (Bloom Tree Capital), Chris Blum (Global Head of Equities at JP Morgan Wealth Management) and Khalid Malik (Meridiem Capital).

The company intends to use the funds to continue to expand operations and its business reach.

Founded by former star hedge fund manager Michael Wang, Prometheus brings together a social network with a marketplace, connecting investors with hedge funds, crypto funds, venture capital, private equity, commodities, and the experts behind those funds.