Multicoin, Jump Crypto, and Galaxy have each invested over $100 million in the SOL treasury company Forward Industries.
Jinse Finance reported that Kyle Samani, Managing Partner of Multicoin Capital, announced today that he has successfully led a $1.65 billion PIPE financing round for Forward Industries. The three initiators—Multicoin Capital, Jump Crypto, and Galaxy—have each committed to investing over $100 million. In addition, Kyle Samani personally invested an extra $25 million on top of Multicoin's commitment. Kyle Samani will also serve as Chairman of the Board of Forward Industries.
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