The $50m unit, which was set up by blockchain technology supplier Consensys, has funded six more projects and launched an accelerator.

Consensys Ventures, the strategic investment arm of US-based blockchain software provider Consensys, has invested in another six portfolio companies, TechCrunch has reported.

The unit was launched in September 2017 with $50m of capital, and targets pre-seed and seed-stage deals for projects that utilise Ethereum blockchain technology.

Consensys Ventures revealed its first four investments – in BlockFi, Pryze, Unikrn and an undisclosed security technology developer – in December, and announced the latest deals alongside the launch of an accelerator initiative called Tachyon.