Blockchain Fund Launches With $22 Million Round Backed By Roger Ver

Switzerland-based Pangea Blockchain Fund is launching after closing a $22 million seed round backed by crypto investor Roger Ver.

AccessTimeIconFeb 27, 2019 at 1:00 p.m. UTC
Updated Sep 13, 2021 at 8:56 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Switzerland-based Pangea Blockchain Fund is making its debut after closing a $22 million seed round backed by crypto investor Roger Ver.

Announcing the news on Wednesday, Pangea said other investors in the round included Copernicus Asset Management, a Swiss firm regulated by the country's Financial Market Supervisory Authority. Copernicus is also acting as investment manager for the fund.

Pangea will invest in “transformative” blockchain startups around the world to provide them with an early-stage capital boost and other resources. The aim is to focus on the “commercial and industrial applications" of blockchain technology, and there are no plans to invest in cryptocurrency, the fund said.

The fund’s Swiss investment advisor is Blockchain Investment Advisory Sagl, while U.S.-based Blockchain Investment Advisory LLC is acting as sub-advisor. Pangea expects to cap its fundraising at $200 million.

James Duplessie, co-founder of Blockchain Investment Advisory Sagl, said he believes blockchain technology will “fundamentally alter the way society collaborates, transacts, governs and brings new concepts to life.”

He continued:

“Blockchain technology has the potential to change the nature of the systems that lie beneath the things we do every day and could be the greatest driver of value creation in our lifetime.”

Maggie Rokkum-Testi, chief investment officer of Copernicus Asset Management, added that the use cases for "a transparent, verifiable register of data transactions are endless.”

Blockchain Investment Advisory Sagl will also launch a Swiss-based incubator to be called Ticino Labs in the coming months.

Roger Ver image via CoinDesk archives 


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.