TLDR:
Equilibrium Ventures, a seed-stage VC fund from Finland, has secured €6 million in initial close for its €30 million blockchain fund. Led by seasoned partners, the fund aims to attract and support founders with deep technical insights into blockchain technologies. Backed by strategic investors and high-profile LPs, Equilibrium Ventures is dedicated to crypto infrastructure and technical due diligence. The fund’s progress reflects strong momentum and potential contributions to Europe’s blockchain ecosystem.
Article Summary:
Equilibrium Ventures, a Helsinki-based seed-stage venture capital fund, has successfully closed the first round of its €30 million blockchain fund, securing €6 million from limited partners (LPs). The fund is led by a seasoned team of partners, including Mika Honkasalo, Henrik Sundvik, and Christopher Ahn, who aim to attract and support founders with deep technical insights into blockchain technologies. Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and high-profile LPs like Sebastien Borget. The fund is dedicated to crypto infrastructure, emphasizing rigorous technical due diligence and value addition to pre-seed and seed engineering firms. With a network of approximately 70 blockchain engineers, the fund is uniquely positioned to help startups develop robust blockchain technologies. The renewed interest in venture capital investment in blockchain, supported by evolving regulatory landscapes in the US and Europe, is expected to bolster investor confidence in the crypto sector. Equilibrium Ventures aims to achieve its second close by the end of the summer, targeting 80% of the total fund, reflecting strong momentum and potential contributions to the European blockchain ecosystem.
