Chinese cryptocurrency exchange Huobi’s blockchain incubator Huobi Labs has revealed its plans to create a US$1 billion fund to finance local start-ups.
Blockchain start-up Ripple which already has partnerships with banks and other financial firms, announced investing $25 million in XRP in Blockchain Capital’s Parallel IV LP Fund. The company is going to continue contributing to more start-ups that want to use its cryptocurrency.
SparkLabs Group has established an early-stage fund aimed at blockchain and cryptocurrency startups.
Classic venture fund Capinvest 21 together with a group of Asian investors (Asia LP) are launching a venture fund formed on blockchain technology.
Boost VC is looking for talented developers aiming to build the next protocols of the internet and entrepreneurs creating the future of decentralized companies.
UNICEF plans to invest in early stage blockchain companies in an effort to improve the lives of children in developing countries.