London-based Blockchain, a cryptocurrency business from Europe is backed up by Google and Sir Richard Branson, and they are planning to raise $50 million to invest in startups.
Blockchain is planning to use this money to invest in both equities as well as in crypto coins. Sam Harrison is leading the team for the fundraising effort. Sam joined Blockchain in July 2018 after making a switch from Naspers Ventures.
Sam’s LinkedIn confirms this news as his profile mentions that he “co-founded Blockchain.com Ventures” and that the fund has already invested in startups like Origin Protocol, Coindirect, etc.
Blockchain is one of the highest-profile cryptocurrency companies from Europe. The company has raised over $70 million from Google Ventures, Sir Richard Branson’s Virgin, and venture capital fund Lakestar.
Blockchain sells data on crypto markets and makes cryptocurrency wallets. More than 40 million Blockchain wallets are opened all around the world, making it one of the biggest providers of wallet services.
Blockchain Ventures is still at a very early stage as compared to others. Blockchain raised venture capital for itself this year, and it is still not clear whether the fundraising was profitable for them or not. The company is working from Luxembourg and has offices in New York, Vilnius, and London.
