ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund
Helen Partz's original article for cointelegraph.com reduced by 59%
An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15.Cassatt, who has been at the firm for five years, will continue to serve as an advisor to ConsenSys while working full-time as a founding managing partner at Aligned Capital.
Apart from blockchain, Aligned Capital will invest in safe AI and innovative healthcareAccording to the announcement, Aligned Capital will be investing in three major areas including blockchain and crypto, safe artificial intelligence and innovative healthcare. Aligned Capital's initial backers include some high-profile figures in the crypto industry such as ConsenSys founder and Ethereum co-founder Joseph Lubin, who will also serve as an advisor to the firm. Investment in blockchain technology sees stable growthSam Cassatt's new blockchain-focused fund is further proof of the overall steady growth of investment in blockchain technology.
According to a study by identity management firm Okta, as much as 61% of high-profile digital companies worldwide are investing in blockchain. In June 2019, billionaire investor Henry Kravis reportedly made his first crypto investment in blockchain-focused investment firm ParaFi Capital.
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Summarised crypto news.