Richard Branson, Google-backed crypto-company raising $50m to invest in startups
Blockchain, a London-based crypto-firm, is in talks with investors to raise $50m in venture funds which it is planning to invest in equity and crypto-coins.
Founded in 2011, Blockchain is one of the largest crypto-wallet makers in the world with over 40 million users around the globe, while also providing data on crypto-markets. The firm’s potential in the crypto-market can be understood from the fact that it is backed by the likes of Google Ventures and Sir Richard Branson’s Virgin. Branson, while investing in the firm back in 2017, had said that the company is “at the cutting edge of a growing industry.”
Blockchain’s London office was opened in 2017 by the former Prime Minister of the UK David Cameron and Antony Jenkins, former CEO of Barclays
Blockchain has already invested in startups like Origin Protocol, Coindirect, Sliver.tv, Nodle and might be looking to lead the venture capital fund and helping potential crypto-startups in the decentralized space.
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