Nikola Stojanow’s New Venture Fund Seeks to Raise €100M
- The fund will invest in blockchain startups in “underdeveloped” countries.
Meta Change Capital (MCC), a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-specific venture fund, announced on Monday that it is aiming to raise €100 million (almost $112.6 million) to kick its efforts to back startups.
The fund is created by Nikola Stojanow, the co-founder of æternity blockchain. He also founded AE Ventures, another investment fund focusing on early-stage blockchain startups.
Targeting projects in the emerging markets
Unlike AE Ventures which only focuses on backing projects working on æternity blockchain, the new venture fund will focus on all blockchain startups in the “underdeveloped” parts of Europe, MENA, Asia, and Africa.
The venture fund will make the investments into Series A and further rounds of companies working with “next-generation” blockchains.
“I see the largest potential and supply of talent await in countries where blockchain is a tenfold leap to existing infrastructure that is crumbling, nonexistent or old,” Stojanow said. “MCC’s will focus on underdeveloped parts of Europe, MENA, Asia, Africa - especially parts where the capital will have [a] significant impact.”
MCC is aiming to close its capital raising round by the last quarter of this year.
Luka Sucic, former head of investments and acceleration at AE Ventures, will also join Stojanow at his new initiative and will act as a co-lead.
“I see the world changing and believe that cooperation is the keyword driving progress forward. What startups really need is an approach that helps them work with various blockchains technologies but also hands-on business support to navigate uncharted waters,” Stojanow added.
“At MCC, we aim to capitalize on our expertise, experience, and connections to build a next-generation fund that will combine blockchain and VC worlds.”
The new fund will be based in the Cayman Islands and will be regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
Earlier this year, FIS’s venture arm announced that it is targeting to invest $150 million in emerging Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term projects including blockchain.
Meta Change Capital (MCC), a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-specific venture fund, announced on Monday that it is aiming to raise €100 million (almost $112.6 million) to kick its efforts to back startups.
The fund is created by Nikola Stojanow, the co-founder of æternity blockchain. He also founded AE Ventures, another investment fund focusing on early-stage blockchain startups.
Targeting projects in the emerging markets
Unlike AE Ventures which only focuses on backing projects working on æternity blockchain, the new venture fund will focus on all blockchain startups in the “underdeveloped” parts of Europe, MENA, Asia, and Africa.
The venture fund will make the investments into Series A and further rounds of companies working with “next-generation” blockchains.
“I see the largest potential and supply of talent await in countries where blockchain is a tenfold leap to existing infrastructure that is crumbling, nonexistent or old,” Stojanow said. “MCC’s will focus on underdeveloped parts of Europe, MENA, Asia, Africa - especially parts where the capital will have [a] significant impact.”
MCC is aiming to close its capital raising round by the last quarter of this year.
Luka Sucic, former head of investments and acceleration at AE Ventures, will also join Stojanow at his new initiative and will act as a co-lead.
“I see the world changing and believe that cooperation is the keyword driving progress forward. What startups really need is an approach that helps them work with various blockchains technologies but also hands-on business support to navigate uncharted waters,” Stojanow added.
“At MCC, we aim to capitalize on our expertise, experience, and connections to build a next-generation fund that will combine blockchain and VC worlds.”
The new fund will be based in the Cayman Islands and will be regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
Earlier this year, FIS’s venture arm announced that it is targeting to invest $150 million in emerging Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term projects including blockchain.