Crypto wallet and data provider Blockchain is raising a VC fund to invest in industry startups and cryptocurrencies, Yahoo Finance says.
According to a report on Wednesday, two sources said that Blockchain is in discussions with investors to raise $50 million for the fund.
The LinkedIn profile for Sam Harrison – a Blockchain managing partner who was previously a principal at investment firm Naspers Ventures – further suggests the fund is already in existence and is also backed by Lightspeed Venture Partners, a Blockchain investor.
The text further suggests that the fund has already invested in some firms, including Origin Protocol, Coindirect, Sliver.tv and Nodle.
Blockchain CEO Peter Smith image via CoinDesk archives
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