Co-founder of Movement Labs establishes the $100 million Nyx Group fund

Rising from the ruins

Following his controversial departure from Movement Labs, co-founder Rushi Manche has made a comeback with the launch of Nyx Group, a diversified investment firm reportedly worth up to $100 million. This move marks a rapid and significant return to the cryptocurrency and venture capital landscape, attracting both attention and scrutiny as Manche attempts to rebuild his professional career after the scandal that led to his departure from Movement Labs.

Nyx Group positions itself as a diversified investment platform, signaling Manchester's ambition to remain a major player in digital asset infrastructure, early-stage startups, and emerging technology ecosystems despite recent reputational fluctuations.

A new look from Movement Labs

Rushi Manche's departure from Movement Labs comes amid internal disputes and public controversies, creating uncertainty about the project's governance and leadership structure. The details of the scandal—involving allegations of misconduct, internal disagreements, or poor management—have damaged his reputation, forcing Manche to leave the company he helped build.

This rapid reappearance has raised questions about:

• Is the Nyx Group an attempt to reshape his public image?

• How do institutional investors assess Manchester United's profile?

• Will he be able to attract long-term partners given the Movement Labs scandal?

However, the size of the fund suggests he has access to significant capital and a consistent reputation within certain investment circles.

Just months later, Manche is charting a new course with Nyx Group, a move that reflects both resilience and a deliberate shift toward an investor-executive role rather than that of a protocol founder.

Multi-sector investment worth $100 million USD.

Nyx Group is described as a diversified investment company operating in multiple sectors:

Digital asset infrastructure: Investments targeting blockchain networks, middleware, e-wallet infrastructure, and cryptography tools.

Early-stage tech startups: Key focus areas are expected to include artificial intelligence (AI), financial technology (fintech), cloud computing, and cybersecurity — sectors experiencing rapidly increasing institutional investment demand.

Real Asset Funding (RWA) and Capital Markets: With RWA becoming one of the fastest-growing trends in the cryptocurrency space, this fund is positioned to seize early investment opportunities.

Strategic and restructuring advisory services: Nyx ​​can also act as an advisor for distressed assets, fundraising, and growth-stage operations—demonstrating a multifaceted business model.

The diversified scope suggests that Nyx aims to operate more like a venture capital fund combined with a strategic operator rather than a traditional Web3 venture capital fund.

Assessment and Conclusion

Rushi Manche's launch of Nyx Group, a $100 million diversified investment fund, marks a bold and calculated return after his departure from Movement Labs. This move demonstrates both the resilience of cryptocurrency founders and their continued desire to raise capital in emerging technologies.

Whether this truly marks a new chapter or is merely a reputation-building strategy remains to be seen — but Nyx Group is now positioning itself as a significant new player in the venture capital and digital asset sector.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrency. This is not financial or investment advice. All investment decisions should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official stance of the platform. We recommend that readers conduct their own research and consult with experts before making any investment decisions.

Compiled and analyzed by HCCVenture

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