New €100M venture capital fund will invest in blockchain development in emerging markets

By June 16, 2020Ethereum
Click here to view original web page at

A new venture capital fund has been established with an aim to raise €100 million ($113 million) to invest in blockchain startups.

Called Meta Change Capital the fund has been established by Nikola Stojanow, co-founder of æternity blockchain and the creator of AE Ventures investment firm to focus on funding blockchain development in emerging markets.

“I see the largest potential and supply of talent await in countries where blockchain is a tenfold leap to existing infrastructure that is crumbling, nonexistent or old,” Stojanow said in a statement. “MCC’s will focus on underdeveloped parts of Europe, MENA, Asia, Africa – especially parts where the capital will have a significant impact.”

Joining Stojanow at MCC is Luka Sucic, former head of investments and Acceleration at AE Ventures. Sucic ran AE Venture’s Starfleet accelerator program, an accelerator for startups using the æternity blockchain in developing markets.

MCC will not focus on æternity and will work agnostically with all next-generation blockchains providing capital and support for Series A rounds and beyond. Focus includes emerging talent from undeserved areas and investing in people trying to innovate, solver problems and monetize their ideas.

The fund, while domiciled in the Cayman Islands is regulated by the Financial Conduct Authority in the U.K. MCC is currently securing investors and plans to close its first round by the fourth quarter of this year.

Both Stojanow and Sucic have solid backgrounds in the blockchain space. While æternity got off to a shaky start, having an Ethereum wallet linked to its initial coin offering hacked in 2017, it has been a solid performer since. Notably, æternity through AE Ventures has worked with the Microsoft Innovation Center to promote the growth of blockchain technology in the past.

Image: Meta Change Capital

Since you’re here …

Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!

Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.

… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.

Called Meta Change Capital the fund has been […]

Leave a Reply