Blockchain-focused venture firm Proof of Capital has raised $50m for its first fund, which is anchored by strategic partner HTC.
Consumer electronics manufacturer HTC has anchored a $50m fund closed by US-based, blockchain-focused venture capital fund Proof of Capital, TechCrunch has reported.
Proof of Capital is targeting seed-stage blockchain technology developers, focusing particularly on Asia and covering areas such as financial technology, hardware and blockchain infrastructure.
The fund’s limited partners also include plastics producer Formosa Plastics, private investors Steve Chen and Greg Kidd, and undisclosed family offices. HTC is open to working with Proof of Capital’s portfolio companies on products…
