Finnish investment firm Open Ocean Capital has suggested it may consider European blockchain firms as recipients for funding raised as part of its recently closed €100 million fund.
Notably, Muirhead voiced his enthusiasm for the blockchain, the underlying distributed ledger on which the digital currency bitcoin is based, stating:
A blog post on the announcement suggests the fund will focus on enterprise software-as-a-service (SaaS), cloud infrastructure, big data, machine learning and mobile solutions. Blockchain technology was not mentioned specifically, though a subsequent TechCrunch article cited FinTech among its areas of focus.
European Investment Fund, Finnish Industry Investment and other undisclosed institutional and private investors participated in the round.
Open Ocean did respond to requests for further comment.
Investment image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.