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The co-founder of Aeternity Blockchain, Nikola Stojanow has launched a hundred million Euro VC fund to support blockchain prospects in underdeveloped areas of Asia, Europe, Middle East, and Africa.
Stojanow declared the new hundred million Euro (over one hundred and twelve million USD) VC fund directed towards blockchain growth in underdeveloped markets on 15th June.
In the new project, he is joined by the former head of investments and acceleration at AE Ventures, Luka Sucic. It is to be noted that AE Ventures is the investment division founded by Stojanow for startups using Aeternity Blockchain.
The new project is dubbed Meta Change Capital (MCC). It asserts that it will work with ventures across all new generation blockchains and offer funding and backing in series A fundraising and beyond. Presently, it is securing investors and will close its 1st round funding in the fourth quarter of this year.
Meta Change Capital will back blockchain prospects in emerging areas of Europe, Asia, MENA and Africa, particularly the parts which will reap maximum benefits from the deployed capital.
Commenting on the development, Stojanow mentioned,
“I see the largest potential and supply of talent await in countries where blockchain is a tenfold leap to existing infrastructure that is crumbling, nonexistent or old.”
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