On Monday, Blockchain Capital has released an investment memo for its upcoming circular of funding. The fellowship plans to secure $50 mln, out of which $10 mln volition hold out funded via an ICO - the kickoff such event on the VC market.
Blockchain Capital is a company working capital alphabetic lineament fellowship founded inwards 2013 past times Bart Stephens, Bradford Stephens together with Brock Pierce. It invests inwards Blockchain-related companies.
The upcoming funding circular is the 3rd ane over the past times yr for Blockchain Capital. The crowd sale is ready to launch on Apr 10; where x mln BCAP tokens volition hold out offered to investors at a cost of $1 each, amounting to $10 mln inwards total.
The crypto tokens volition hold out based on the Ethereum platform. Their emission is managed past times the Blockchain Capital TokenHub Pte. Ltd., a subsidiary trunk of the Argon Group Holdings, which itself is an investment banking concern specialized inwards digital finance, including cryptocurrencies.
Blockchain Capital, inwards turn, is the full general partner of Blockchain Capital III Digital Liquid Venture Fund, LP («BC III DLVF»), which oversees the procedure of the ICO.
For to a greater extent than details close the upcoming crowd sale, take in the investment memo page.
During its 3 years of operations, Blockchain Capital has invested close $40 mln inwards 43 Blockchain startups, including such projects equally Coinbase, Kraken, Ripple, Bitfury, together with other