Hypersphere Ventures has opened its $130 million liquid fund to outside investors. Founder Jack Platts has revealed that the company will also raise a separate $75 million new venture capital fund. The liquid fund, called Atlas, is a multi-manager fund that aims to deliver 40 per cent returns through a variety of trading strategies, including DeFi, quant, market making and arbitrage. It also offers co-investments in private funding rounds, such as Toncoin.