Blockchain engineering firm Equilibrium Group has launched its venture capital arm, Equilibrium Ventures, and its first early-stage fund, Equilibrium Ventures Fund I.
Mika Honkasalo, investment partner at Equilibrium Ventures FundI, revealed that the company is looking to raise 30 million euros (about $32.50 million) and has raised about 20% ($6.50 million) in its initial fundraising, which is expected to be completed by the end of this year. Honkasalo said that backers of the fund include Equilibrium Group itself as well as Sebastien Borget, Mask Network and Jigeum Capital of The Sandbox. Honkasalo said they want to invest in startups focused on technology and infrastructure, especially those working in zero-knowledge fully homomorphic encryption and other new crypto technologies.
Equilibrium Group Launches Venture Capital Unit Equilibrium Ventures to Raise Over $30 million for First Fund
2024-06-12 20:54:24
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