Pangea Blockchain Fund raises $22M, plans to invest in 'market-defining blockchain technologies'

Investments • February 27, 2019, 2:22PM EST
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Pangea Blockchain Fund, a Switzerland-based investment firm, announced that it has secured $22 million in funding from investors including Copernicus Asset Management SA and Bitcoin.com owner Roger Ver. The firm expects to cap its fundraising efforts at $200 million. It also announced the launch of its inaugural International fund, which will be "focused on innovative blockchain solutions."

James Duplessie, a co-founder of Pangea's Swiss-based investment advising arm Blockchain Investment Advisory Sagl, states that Pangea's investment thesis "is based on the profoundly important reality that blockchain will fundamentally alter the way society collaborates, transacts, governs and brings new concepts to life." The firm will solely invest in "commercial and industrial applications for the underlying blockchain technology" and has no plans to invest in cryptocurrency. 

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Steven Zheng profile picture Steven Zheng

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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