Anthony Scaramucci Joins Former FTX.US Exec’s Funding Round

Founder and managing partner of Skybridge Capital Anthony Scaramucci is set to pitch his tent with FTX U.S. former president, Brett Harrison by investing in a venture owned by the latter. 

The value of Anthony Scaramucci’s investment in the unnamed software firm is yet to be disclosed. Notably, the American investor’s firm shared a close relationship with the FTX exchange before its implosion and bankruptcy filing in November. 

“Brett, I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best,” Scaramucci tweeted. In response, Harrison equally said;

“Thank you so much, Anthony. Your support and advice means the world to me. I can’t wait to work together!”

Harrison Faces Hard Time To Raise Fund

After taking leave off the FTX United States office in September, Harrison started mulling plans to launch a software start-up company. The focus of the startup was to come up with trading software for cryptocurrencies for huge investors. These software are aimed at handling order management and algo-development services for the decentralized finance (DeFi) market.

At that time, the former FTX U.S. president was searching for $6 million in investment to kick-start the business. He targeted a $60 million valuation to achieve the objectives of his funding round but has now been increased to around $100 million. Speaking of how the implosion and bankruptcy filing of FTX has impacted his investment round, Harrison mentioned that investors do not want to plunge funds into any enterprise that is FTX-related.

“After I left FTX US and up until November, nearly every conversation I had with a venture capitalist about my new company eventually came around to the same kind of question: “Is FTX investing? Is Sam okay with you doing this? Do you mind if we confirm with him?” He continued 

“After that, many conversations eventually came around to the same kind of apology: “We know you weren’t involved in what Sam and others did, but we can’t take on the PR risk of associating ourselves with FTX, no matter how capable you are or compelling your idea is.”

Meanwhile, Harrison has written a tell-all story about his experience with the now-bankrupt FTX exchange keeping up with his initial promise to do so.