The Swiss Pangea Blockchain Fund announced on Wednesday, February 27, the closure of a preliminary financing round of $ 22 million and the official launch of an international fund that will focus on “transforming blockchain solutions”.
In a press release, the company said that the company attracted a group of well-known investors, including the financial group Copernicus Asset Management SA and the owner of Bitcoin.com, Roger Ver. Copernicus will also act as an investment fund manager.
The exact amounts of the parties' investments were not disclosed, however, as the company emphasized, its plans to raise a total of $ 200 million.
It is also noted that Pangea Blockchain Fund does not intend to invest in cryptocurrencies - instead, the company will offer seed capital and other resources to startups whose products will be focused on the commercial and technical use of blockchain technology.
Earlier, Roger Ver expressed a desire to invest in the OpenNode processing service, but was refused.