The company under the name Ethereum Capital is hoping to become the central business and investment hub for the Ethereum ecosystem planning to raise $50 million. In order to achieve this goal the company is going to sell 2 million subscription receipts at a price of $2.50 each.
The funding round is expected to occur approximately on February 16, 2018. After that the company will invest the funds in both the Ether token and in blockchain startups.
Ethereum Capital is partially owned by OMERS and partly financed by Purpose Investments which is administrated by industry veteran Som Seif.
The main strategy of the company is to buy control stakes in Ethereum-based businesses, but it is also going to invest the Ether currency itself.
After the accomplishment of this goal each share of the company, called Ethereum Shares, will be replaced with a share in Movit Media Corp. Afterwards Movit Media Corp. plans to take over Ethereum Capital keeping the company’s name.