Equilibrium Group Launches Equilibrium Ventures, Its Venture Capital Unit, to Raise Over $30 Million for its First Fund
Blockchain engineering company Equilibrium Group has launched its venture capital arm, Equilibrium Ventures, and its first early-stage fund, Equilibrium Ventures Fund I. Mika Honkasalo, investment partner of Equilibrium Ventures Fund I, revealed that the company is seeking to raise €30 million (approximately $32.5 million) and has raised about 20% (approximately $6.5 million) in its first fundraising round, with the aim of completing all fundraising by the end of this year. Honkasalo said that the fund's supporters include Equilibrium Group itself, as well as Sebastien Borget from The Sandbox, Mask Network, and Jigeum Capital. Honkasalo said that they hope to invest in early-stage companies that focus on technology and infrastructure, especially those working in the fields of zero-knowledge fully homomorphic encryption and other new encryption technologies.
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