TLDR:
- Equilibrium Group has launched Equilibrium Ventures, raising over $30 million for its first fund.
- The venture unit aims to invest in tech and infrastructure-focused startups, leveraging the technical expertise of Equilibrium Group.
Equilibrium Group, a blockchain engineering company, has launched its venture capital unit, Equilibrium Ventures, with the aim of investing in early-stage startups. The firm has raised over $30 million for its first fund, with about 20% of the target amount already secured. Backed by Equilibrium Group itself and limited partners, Equilibrium Ventures Fund I will focus on funding startups working on areas like zero-knowledge fully homomorphic encryption and other cryptographic technologies. The three-person team behind Equilibrium Ventures, including Mika Honkasalo, Henrik Sundvik, and Christopher Ahn, plans to invest in both equity and token projects, with an average check size ranging from $250,000 to $1 million per startup. The fund aims to fully deploy its capital within the next 24 months and expects to back projects that will eventually launch tokens. With a strong technical expertise background from building networks like Ethereum, Solana, and ZKsync, Equilibrium Ventures aims to become an engineering partner for founders and investors globally.
