According to ChainCatcher, blockchain engineering company Equilibrium Group has launched its venture capital arm Equilibrium Ventures and its first early-stage fund, Equilibrium Ventures Fund I. Investment partner Mika Honkasalo revealed that the company is seeking to raise 30 million euros (about 32.5 million U.S. dollars) and has raised about 20% (6.5 million U.S. dollars) in the first fundraising, and it is expected to complete the full fundraising by the end of this year.
The fund, whose backers include Equilibrium Group itself as well as Sebastien Borget of The Sandbox, Mask Network and Jigeum Capital, is looking to invest in startups focused on technology and infrastructure, especially those working in the field of zero-knowledge fully homomorphic encryption and other new cryptographic technologies.
