Equilibrium Group Launches Equilibrium Ventures, Its Venture Capital Unit, to Raise Over $30 Million for its First Fund
Blockchain engineering company Equilibrium Group has launched its venture capital arm, Equilibrium Ventures, and its first early-stage fund, Equilibrium Ventures Fund I. Mika Honkasalo, investment partner of Equilibrium Ventures Fund I, revealed that the company is seeking to raise €30 million (approximately $32.5 million) and has raised about 20% (approximately $6.5 million) in its first fundraising round, with the aim of completing all fundraising by the end of this year. Honkasalo said that the fund's supporters include Equilibrium Group itself, as well as Sebastien Borget from The Sandbox, Mask Network, and Jigeum Capital. Honkasalo said that they hope to invest in early-stage companies that focus on technology and infrastructure, especially those working in the fields of zero-knowledge fully homomorphic encryption and other new encryption technologies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Paxos receives full approval from Singapore's central bank to issue stablecoins, partners with DBS Bank
Quick Take Paxos’ Singapore entity, Paxos Digital Singapore Pte. LTD., will now be allowed to offer “digital payment token services” as a major payments institution, the stablecoin issuer said. Paxos also announced on Monday that it was partnering with Singapore-based DBS Bank for cash management needs and to custody stablecoin reserves.
US Supreme Court's decision to overturn Chevron could complicate legislative efforts: TD Cowen
Quick Take The Supreme Court voted 6-3 on Friday to overturn a 40-year-old court decision that defers to federal agencies to interpret the law how they see fit. Some in the crypto industry viewed the decision as a win. TD Cowen says it could complicate legislative efforts.
