Aeternity co-founder raises ?100 million for a venture capital fund focused on emerging markets


On 15th June Aeternity Blockchain co-founder Nikola Stojanow announced a new 100 million euro ($112.5 million) venture capital fund focusing on blockchain development in emerging markets.

Meta Change Capital (MCC) says it will work with projects across all next generation block chains, providing financing and support in the A series and beyond. It is currently securing investors and will close its first round of financing in the fourth quarter of 2020.

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Greater potential for change
MCC will support blockchain opportunities in underdeveloped regions of Europe, Asia, MENA and Africa, especially in areas that will benefit most from capital. Stojanow said: „I see the greatest potential and supply of talent emerging in countries where blockchain has an infrastructure that is either collapsing, non-existent and/or old.

Luka Sucic, former head of investment and acceleration at AE Ventures, joined the new company. AE Ventures is the investment arm founded by Stojanow for entrepreneurs who build companies using Aeternity Blockchain.

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Stojanow and Sucic developed the Starfleet decentralized accelerator program together while at AE Ventures, and they hope to replicate its success at MCC.

As reported by Bitcoin Profit, last month Aeternity launched a crypto currency tipping platform for social networkers, and partnered with the Indian government to promote the growth of blockchain technology in the country.