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Pangea Blockchain Fund closes $22M seed, debuts international blockchain fund

Tony Zerucha

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Pangea Blockchain Fund today announced the close of its seed round and debuted its inaugural international fund focused on transformative blockchain solutions.

The firm secured USD $22 million and expects fundraising to be capped at U.S. $200 million. Pangea Blockchain Fund’s Swiss-based investment adviser, Blockchain Investment Advisory Sagl, is led by a team of established asset management and blockchain industry veterans including founders James and William Duplessie. The U.S.-based sub-adviser, Blockchain Investment Advisory LLC, is managed by Jason Bonayer, Stephen Duplessie, Philip Plough and Jeffrey Engel. Together, the teams will position Pangea Blockchain Fund at the forefront of tech discoveries reshaping the world’s economic and social infrastructure.

The firm’s debut fund attracted a group of investors and limited partners including Copernicus Asset Management SA, a Lugano-based financial services group, and Bitcoin.com owner Roger Ver. Copernicus is also acting as investment manager for the fund.

“Blockchain technology has the potential to change the nature of the systems that lie beneath the things we do every day and could be the greatest driver of value creation in our lifetime,” said James Duplessie. “Our team’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.

“We have chosen the name Pangea for our business- because it means ‘whole earth’ – highlighting our intention to use blockchain as a means to provide unifying and transformative change to the world.”

Pangea Blockchain Fund’s investment manager and advisers comprise a pragmatic mix of “new world” technologists and “old world” Wall Street veterans, solely focused on the commercial and industrial applications for the underlying blockchain technology, with no plans to invest in directional cryptocurrency. Unparalleled management teams, a global network of mentors with deep market and technical expertise and world-renowned strategic partners offer founders the intellectual and financial capital they need to build today’s market-defining technology companies.

“Blockchain represents a new paradigm for the way information is shared, and the use cases for a transparent, verifiable register of data transactions are endless,” Copernicus CIO Maggie Rokkum-Testi said. “This technology will touch and transform every industry, from energy and public utilities to retail and healthcare. Due to its unique investment strategy and diverse understanding of both traditional and non-traditional markets, the advisory teams are uniquely equipped to understand and capitalize on an opportunity of this magnitude. We’re excited to be early partners and to play an active role in fostering the individuals and companies designing these new economic, social and political systems.”

In addition to Pangea Blockchain Fund, Blockchain Investment Advisory Sagl will soon debut its Swiss-based incubator, Ticino Labs. Innovations hosted and curated within this entity will provide access to unique investment opportunities unavailable to other market participants.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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