Pangea Blockchain Fund Debuts With $22 Million Round Supported by Roger Ver


0

Pangea Blockchain Fund has debuted its blockchain fund, securing $22 million with key investors including Bitcoin.com CEO Roger Ver, according to a press release on Feb. 27.

Switzerland-based Pangea Blockchain Fund is targeting the development of transformative blockchain-driven solutions and expects the total fundraising to be capped at $200 million.

The recent seed round was also participated in by Copernicus Asset Management, a financial services group based in Lugano, Switzerland. The company is licensed as a Swiss Authorized Asset Manager and also acts as an investment manager for Pangea’s fund.

Pangea Blockchain Fund’s investment adviser Blockchain Investment Advisory Sagl, is reportedly led by a group of established asset management and blockchain industry experts, including its founders James Duplessie and William Duplessie.

Recently, Crypto hedge fund Pantera Capital revealed that the fund had already sealed $130 million out of a $175 million target for its third crypto venture fund.

Yesterday, United States-based crypto startup Curv announced that the firm raised $6.5 million to launch a private key-free digital asset wallet for financial institutions.

Earlier in February, the University of Michigan revealed its plans to invest in “cryptonetwork technology fund” managed by American venture capital firm Andreessen Horowitz.

Source : COINTELEGRAPH


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format