A new blockchain fund launched in Lugano

28.02.2019 08:26

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Pangea Blockchain Fund debuted its fund focused on transformative blockchain solutions. Lugano-based Copernicus Asset Management SA and Bitcoin.com partnered with hedge fund veterans to offer capital solutions and startup resources such as a Swiss based incubator to early-stage companies. The fund secured $22 million in a seed round. 

Pangea Blockchain Fund focuses on offering intellectual and financial capital to exceptional early-stage blockchain companies from around the world. It invests in entrepreneurs committed to building blockchain solutions that disrupt or transform the status quo.

Today, the firm has closed a seed round of $22 million and expects fundraising to be capped at $200 million. Participants in the round include a group of investors and limited partners including Copernicus Asset Management SA (“Copernicus”), a Lugano-based financial services group, and Bitcoin.com owner Roger Ver. Copernicus is also acting as investment manager for the Fund.

In line with the announcement, the firm has launched an International fund focused on transformative blockchain solutions. Blockchain Investment Advisory Sagl based in Lugano will act as an investment adviser of Pangea Blockchain Fund, led by a team of established asset management and blockchain industry veterans including founders James Duplessie and William Duplessie. In the US, Blockchain Investment Advisory LLC, managed by Jason Bonayer, Stephen Duplessie, Philip Plough and Jeffrey Engel will be the sub-adviser. Together, the teams will position Pangea Blockchain Fund at the forefront of tech discoveries reshaping the world’s economic and social infrastructure.

Pangea Blockchain Fund’s Investment Manager and Advisers comprise a pragmatic mix of “new world” technologists and “old world” Wall Street veterans, solely focused on the commercial and industrial applications for the underlying blockchain technology, with no plans to invest in directional cryptocurrency.

In addition to Pangea Blockchain Fund, Blockchain Investment Advisory Sagl will soon debut its Swiss-based incubator, Ticino Labs. Innovations hosted and curated within this entity will provide access to unique investment opportunities unavailable to other market participants.

(Press release)
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